Brief: Burger King India Says Proposed To Buy Up To 85% Stake In BK Indonesia

Restaurant Brands Asia

27/08/2021 12:35

Aug 27 (Reuters) - Burger King India Ltd  BURG.NS :
    * BURGER KING INDIA LTD - ENTERED INTO A NON-BINDING UNDERSTANDING WITH F&B ASIA VENTURE
(SINGAPORE) PTE
    * BURGER KING INDIA - PROPOSAL, ON NON-BINDING BASIS, HAS BEEN ACCEPTED BY F&B ASIA
    * BURGER KING INDIA LTD -  SUBMITTED A NON-BINDING INDICATIVE PROPOSAL TO F&B ASIA, FOR
ACQUISITION OF CONTROLLING STAKE IN BK INDONESIA
    * BURGER KING INDIA - PROPOSAL TO BUY UP TO 85% IN BK INDONESIA
    * BURGER KING INDIA - PROPOSED DEAL AT PREMONEY ENTERPRISE VALUE OF BK INDONESIA AT $183
MILLION
ON CASH FREE, DEBT FREE BASIS
    * BURGER KING INDIA - TO CONSIDER VARIOUS OPTIONS TO FUND PROPOSED TRANSACTION, MAY INCLUDE
RAISING CAPITAL BY ISSUING FRESH EQUITY SHARES

Further company coverage:  BURG.NS 

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