July 13, 2021
BK Brasil, the master franchiser for Burger King in Brazil, has agreed to buy the local operations of pizza delivery chain Domino's from investment firm Vinci Partners.
The acquisition values DP Brasil, as the chain's local division is known, at BRL3.05 billion ($590 million) based on a price of BRL11.12 per share, BK Brasil said in a securities filing on Friday.
Pizza sales reached BRL4 billion in the quick service restaurant (QSR) sector in Brazil, growing at an average rate of 10.7% per year
Burger King franchiser acquires the pizza chain from investment firm Vinci in a deal worth $590 mln