November 19, 2020 |
BK Brasil, the master franchiser for Burger King in Brazil, said late Tuesday that it earned BRL510 million ($95.1 million) from a follow-on offering, raising funds to finance the growth of its restaurant chains in the country.
BK Brasil sold 47.3 million shares for BRL10.80 each and set aside the proceeds to open new restaurants and invest in its digital platform, it said in a securities filing. BK Brasil operates Burger King and Popeyes fast food restaurants in the country.
Itaú BBA and Santan
Brazilian Burger King franchiser funds expansion plans with a $95 mln share sale