Burger King China Owner Weighs Sale of $1.2 Billion Unit

(Bloomberg) — TAB Food Investments, the largest global franchisee of Restaurant Brands International Inc., is exploring a sale of its China business in a deal that would value the asset at more than $1.2 billion, people with knowledge of the matter said.



a group of people standing in front of a sign: Men walk past a Burger King Worldwide Inc. store in the Luohu district of Shenzhen, China, on Thursday, Dec. 19, 2013.


© Bloomberg
Men walk past a Burger King Worldwide Inc. store in the Luohu district of Shenzhen, China, on Thursday, Dec. 19, 2013.

TAB Foods, or TFI, is working with an adviser to gauge interest for its 50% stake in Burger King’s Chinese operations from potential suitors including private equity firms, the people said. A sale could kick off as soon as next month, the people said, asking not to be identified as the information is private.

Loading...

Load Error

The Istanbul-based TFI previously considered a Hong Kong initial public offering of the Chinese business after earlier scrapping plans for a U.S. share sale of its global operations, people

Read More