Ibersol SGPS S A : informs about Revised Binging Offer for the acquisition of Burger King
June 13, 2022 at 07:13 pm EDT
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IBERSOL, SGPS, S.A.
Registered Office: Praça do Bom Sucesso, 105/159, 9th floor, Porto Registered at the Commercial Registry Office of Oporto under the single registration and tax identification number 501 669 477 Fully subscribed and paid-up share capital: EUR 46,000,000.00
REVISED BINDING OFFER FOR THE ACQUISITION OF BURGER KING
RESTAURANTS
Following the announcements of 5 and 12 June 2022, a Ibersol, SGPS, S.A. informs that today the
Board of Directors of the Company decided to continue negotiations with Restaurant Brands Iberia,
S.A. ("RBI") relating to the potential acquisition of Burger King restaurants in Portugal and Spain
proposed by the latter, by means of the purchase of the companies IBER KING - RESTAURAÇÃO,
S.A. and LURCA S.A.U., following the analysis of the revised binding offer received from RBI.
In this context, the negotiations with the view to discuss the contractual documentation of the
potential transaction, in its legal and financial perspectives, will take place until next 30 June.
Oporto, 13 June 2022
The Representative for Market Relations
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Ibersol SGPS SA published this content on 13 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 June 2022 23:12:02 UTC.
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).