MEXICO CITY Nov 12 Latin America's biggest
restaurant operator Alsea said on Monday it will seek
a 29 million peso ($2.20 million) public share offering,
significantly smaller than the offering it said it hoped to
launch last month.
The offering will include up to 58 million shares, the
company said in a filing with the Mexican stock exchange.
In a statement released on Oct. 26, Alsea said it hoped to
proceed with a 1.15 billion peso public share offering to
refinance debt and fund investments.
Alsea, which operates the Starbucks, Domino's Pizza and
Burger King chains in Mexico, bought the restaurant chain
Italianni's earlier this year for 1.77 billion pesos.
According to the company's website, Alsea runs 1,388 cafes
and restaurants across Mexico, Argentina, Chile and Colombia as
of last month.
Shares in the company closed Monday up 2.32 percent at 21.17