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Restaurant Brands Iberia Buys 159 Burger King Restaurants for €250 Million

Restaurant Brands Iberia has bought 121 restaurants in Portugal and 38 in Spain from its Portuguese franchisee Ibersol.

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Restaurant Brands Iberia (RBI), the company that owns Burger King in Spain and Portugal, has completed the purchase of 159 of the hamburger chain’s restaurants from the Portuguese firm Ibersol for 250 million euros.

The purchase process began in March when the restaurant company made an offer to its Portuguese franchisee amounting to 230 million euros, however, that offer was rejected. This new agreement has already been decided upon and so the phase to formalise the contract has begun.

Read the full article in Spanish.

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