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BRIEF-Restaurant Brands International To Acquire Popeyes China Business From Tims China
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BRIEF-Restaurant Brands International To Acquire Popeyes China Business From Tims China
Jul 1, 2024 7:17 AM

July 1 (Reuters) - Restaurant Brands International Inc ( QSR )

:

* RESTAURANT BRANDS INTERNATIONAL ANNOUNCES INVESTMENTS TO

DRIVE

GROWTH IN CHINA

* RESTAURANT BRANDS INTERNATIONAL INC ( QSR ): AGREED TO ACQUIRE

POPEYES

CHINA BUSINESS FROM TIMS CHINA

* RESTAURANT BRANDS INTERNATIONAL INC ( QSR ): RBI'S TOTAL AMOUNT OF

CAPITAL OUTLAY WILL BE UP TO $45M FOR TWO TRANSACTIONS

* RESTAURANT BRANDS INTERNATIONAL INC ( QSR ): WILL OWN AND OPERATE

POPEYES CHINA

* RESTAURANT BRANDS INTERNATIONAL: CARTESIAN CAPITAL, CO TO

INVEST

UP TO $50M OF CAPITAL INTO TIMS CHINA BUSINESS VIA THREE-YEAR

CONVERTIBLE NOTES

* RESTAURANT BRANDS INTERNATIONAL INC ( QSR ) - FOLLOWING

TRANSACTION, RBI

WILL EFFECTIVELY HAVE RIGHT TO APPOINT TWO DIRECTORS TO TIMS

CHINA BOARD

* RESTAURANT BRANDS INTERNATIONAL INC ( QSR ): POPEYES CHINA

BUSINESS DEAL

FOR AN ENTERPRISE VALUE OF $15M

Source text for Eikon:

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