world's second largest fast food chain, Burger King, change hands and will be controlled by the fund 3G Capital investment of 4,000 million (3,120 million euros). The purchase includes the company's debts. The supervisory board of Burger King approved the transaction. The U.S. company's shareholders will receive $ 24 for each book you have, representing a 46% premium over the price to be negotiated before emerging or speculate about a possible operation of this type.
The companies expect the transaction is completed in the fourth quarter of this year.
"Burger King is one of the best known and respected in the world and we are delighted that 3G Capital recognizes the value we have created with the revitalization of the brand and improving operations in the last seven years, "said President and CEO, John Chidsey.
The compromise reached with 3G Capital leaves Burger King free to request other proposals best purchases over a period of 40 days, the company said.
Burger King, the second largest restaurant of its kind in the United States after McDonald's, operates over 12,150 stores and in recent months has seen their sales due to decreased consumption resulting from the crisis.
This restaurant chain was already in the hands of private equity firms before starting to go public four years ago.
In 2002 a group led by TPG Capital, Bain Capital and Goldman Sachs Capital Partners bought the hamburger chain for about $ 1,500 million group Diageo, the world's largest producer of alcoholic beverages.
These investment firms are now about 31% share, according to the company.
3G Capital owns a majority or in part in many companies, including Anheuser-Busch InBev, Lojas Americanas and America Latina Logística.
Burger King shares were revalued on 24.18% and going up $ 4.56 and traded at $ 23.42, after an hour activity in the New York Stock Exchange. Have risen by 24.44% since the beginning of the year.
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