São Paulo – Zamp, a company that owns the franchises of Burger King and Popeyes restaurant chains in Brazil, informed the market on Monday (1) that it received a tender offer to acquire control by Mubadala Capital from the United Arab Emirates. The release about the takeover bid was announced by MC Brazil F&B Participações SA, which is part of the fund’s business.
According to Zamp’s statement, Mubadala would hold 50.10% of the company’s share capital with the takeover bid. Zamp informed it is evaluating the terms of the proposal and the impacts of the offer, and it will disclose to the market a prior reasoned opinion on the matter within 15 days. This Monday, Zamp shares rose sharply on the São Paulo Stock Exchange (B3).
The Emirati company has investments in different parts of the world. According to the company’s website, it holds USD 284 billion in assets. Businesses range from sectors such as aerospace and agribusiness to information and communication technology, mining, pharmaceutical and medical technology, semiconductors, metals, energy, utilities, and management of financial holdings.
Translated by Elúsio Brasileiro
