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Burger King operator BK Brasil files for IPO
October 20, 2017 / 1:49 PM / in a month

Burger King operator BK Brasil files for IPO

BRASILIA/SAO PAULO, Oct 20 (Reuters) - BK Brasil Operação e Assessoria a Restaurantes SA, the operator of the Burger King fast-food chain in Brazil, on Friday filed to list an undisclosed amount of new shares through an initial public offering on the country’s stock exchange.

According to a regulatory filing, controlling shareholders Vinci Partners Investimentos Ltda and Montjuic Fundo de Investimento em Participações Multiestratégia may also sell shares in the offering, as may minority shareholder Sommerville Investments BV.

Banco Itaú BBA SA will be the lead underwriter, the filing said.

BK Brasil is controlled by a group of investors led by Vinci and U.S.-based fund Capital International Inc. Restaurant Brands International Inc, which controls the Burger King chain in the United States, and Singapore’s sovereign wealth fund Temasek Holdings Ltd each hold a 15 percent stake. (Reporting by Bruno Federowski and Tatiana Bautzer; Editing by Chizu Nomiyama)

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