Restaurant brands international announces plan for burger king® in china

Rbi acquires partners' equity stakes and will identify a new local operating partner transaction shows commitment to drive long-term growth in china toronto , feb. 18, 2025 /prnewswire/ -- restaurant brands international inc. (nyse: qsr) (tsx: qsr) (tsx: qsp) ("rbi", "company") announced today that a subsidiary of rbi has acquired from tfi asia holdings bv ("tfi") and pangaea two acquisition holdings xxiii, ltd ("cartesian") all their equity interests in burger king china for approximately $158m in an all-cash transaction. as a result, rbi now owns nearly 100% of the business and will engage advisors to assist the company to identify a new local partner to inject primary capital into the business and become the controlling shareholder.
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