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Burger King franchisee to consider selling half of its Chinese business

via:CnBeta     time:2020/9/17 14:14:46     readed:42

According to people familiar with the matter, the Turkish TAB Food Investments (TFI), Turkish TAB Food Investments (TFI), is considering selling a 50 per cent stake in its Burger King China business, valued at more than $1.2 billion.The company is currently working with financial advisers to assess interest from potential bidders such as private equity firms. Sources said the company may start the sale process as early as next month.

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Previously, tab food had considered listing Burger King's China business in Hong Kong, but later abandoned the plan.

The discussions on the sale of Burger King's China business are still at an early stage and may eventually decide to keep the business or restart the IPO plan, according to people familiar with the matter.

Tab currently operates more than 1200 Burger King restaurants in China, with nearly 2000 restaurants in Turkey and China.

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