Restaurant Brands International QSR 0.96%increase; green up pointing triangle has struck a joint-venture deal with Chinese private-equity firm CPE to inject capital into its Burger King China business and help fuel growth overseas, executives told The Wall Street Journal.
The details
CPE has agreed to invest $350 million to support the opening of new Burger King restaurants in China, as well as marketing, menu innovation and general operations. As part of the deal, CPE will control 83% of Burger King China, with Restaurant Brands keeping the remaining 17% stake.
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