BREAKING NEWS

BREAKING NEWS

Burger King to go public again

Now Reading:

Burger King to go public again

Text size Aa Aa

A change of status for Burger King as the private equity group 3G Capital, which bought the fast-food chain a year and a half ago, said it will sell a 29 percent stake in it to a new investor – Justice Holdings.

As a result Burger King’s shares will be relisted on the New York Stock Exchange.

The money raised with the stake sale will be used to revamp the company to better compete with rivals McDonalds and Wendys.

The quick sale highlights a profit improvement at Burger King, which operates more than 12,000 mainly franchise fast-food outlets around the world.