Restaurant Brands International Inc

NYSE:QSR  
51.59
+1.44 (+2.87%)
Mergers / Acquisitions

Ibersol Board Receives Binding Offer From RBI For Burger King Restaurants

Published: 06/06/2022 05:28 GMT
Restaurant Brands International Inc (QSR) - Said on Sunday Has Received a Binding Offer From Restaurant Brands Iberia (rbi) for the Acquisition of Burger King Restaurants in Portugal and Spain, by Means of Purchase of Companies Iber King - RestauraÇÃo and Lurca .
The Binding Offer Continues to Stem From the €250 Million Enterprise Value Indicated on March 10.
Rbi Has Presented in the Binding Offer a Set of Adjustments With Respect to the Future Evolution of EBITDA And/or Cash Flows Generation Which It Deems to Lead to an Enterprise Value of €212 Million, Accrued of €7.3 Million Relating to Tax Credits and €3 Million Corresponding to the Investment in 2 Additional Restaurants Opened in 2022.
Binding Offer Also Includes a Proposal for Acquisition by Rbi, for €8 Million, of 5 Real Estate Assets Not Previously Included in the Perimeter of the Potential Transaction .
Board of Ibersol, Has Decided to Communicate to Rbi Its Disagreement in Respect to Those Adjustments and Give Rbi the Opportunity to Revise the Terms and Conditions of the Binding Offer Until June 10.