Restaurant Brands International (RBI) is selling a majority stake in its Burger King China business to CPE, a Chinese asset manager, as part of a growth push. CPE will invest $350 million to expand Burger King’s presence from 1,250 to over 4,000 locations by 2035.
The deal, first reported by Bloomberg in October, aligns with RBI’s strategy to adopt a “more simplified, highly franchised business.” Post-transaction, CPE will hold about 83% of the venture. RBI shares rose ~2% in premarket trading, gaining ~4% year-to-date. The Wall Street Journal also reported the agreement.
