Hong Kong fund to sell Japan, S.Korea Burger King business in deal over $1bln - source

  • 📰 Reuters
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Private equity firm Affinity Equity Partners is this week launching the sale of its Burger King fast-food businesses in South Korea and Japan, in a deal that could fetch more than $1 billion, a person with knowledge of the matter told Reuters.

Hong Kong-based Affinity has appointed Goldman Sachs to run the sale, which is targeting both private equity investors and strategic buyers, said the person, who declined to be identified as the information is confidential.Affinity bought full control of Burger King South Korea in 2016 for about $170 million and a year later acquired the American fast-food brand's Japan franchise.

It comes as the consumer and retail sector faces tremendous challenges and disruption caused by the coronavirus pandemic.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines