BK Portugal SA and Burger King Spain, Sociedad limitada Unipersonal agreed to acquire Iberking and Lurca from Ibersol, S.G.P.S., S.A. for an enterprise value of Ç260 million.
August 01, 2022
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BK Portugal SA and Burger King Spain, Sociedad limitada Unipersonal agreed to acquire Iberking and Lurca from Ibersol, S.G.P.S., S.A. (ENXTLS:IBS) for an enterprise value of Ç260 million on August 2, 2022. Samir Azzouzi, Rodrigo Urfa, and Richard Day of Clifford Chance has advised Restaurant Brands Iberia. As of September 8, 2022, The Portuguese Competition Authority accepts the sale of Burger King to RB Iberia.
The transaction will result in a capital gain of approximately Ç160 million in Ibersol's consolidated accounts. As of November 17, 2022, the completion of the transaction is scheduled for November 30 2022.
Ibersol, SGPS, S.A. specializes in operating fast-food restaurant chains, primarily under the Pizza Hut, Pizza Movil, Kentucky Fried Chicken (KFC), Bocatta, Burger King, O Kilo, Pasta Caffé, Pans & Company, Café Sô names and Flor d'Oliveira.
At the end of 2022, the group operated 621 restaurants located mainly in Portugal (296), Spain (179) and Angola (10).
BK Portugal SA and Burger King Spain, Sociedad limitada Unipersonal agreed to acquire Iberking and Lurca from Ibersol, S.G.P.S., S.A. for an enterprise value of Ç260 million.
IBERSOL, SGPS, S.A. 
