RBI buys out partners’ stakes in Burger King China, seeks new partner to invest
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$1 per week for 24 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $4.00 plus GST every four weeks. After 24 weeks, price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.99/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19.95 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 18/02/2025 (401 days ago), so information in it may no longer be current.
TORONTO – Restaurant Brands International Inc. says it has bought its partners’ stakes in Burger King China for US$158 million and is seeking a new local partner.
The company says it acquired the interests from TFI Asia Holdings BV (TFI) and Pangaea Two Acquisition Holdings XXIII Ltd. (Cartesian).
RBI says it now owns nearly 100 per cent of the business and is looking for a new local partner to invest in the operations and become the controlling shareholder.
The company says TFI helped Burger King grow in China from around 60 restaurants in 2012 to about 1,500 today and will continue growing its operations in Turkey as one of RBI’s largest business partners.
RBI will also continue to be a partner with Cartesian in growing Tim Hortons in China.
RBI is the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs.
This report by The Canadian Press was first published Feb. 18, 2025.
Companies in this story: (TSX:QSR)