08:26 AM EST, 02/18/2025 (MT Newswires) -- Restaurant Brands International (QSR) said Tuesday that its unit has acquired all the equity interests of TFI Asia Holdings and Pangaea Two Acquisition Holdings in Burger King China for $158 million.

The company said it now owns almost 100% of the business as a result of the all-cash transaction.

Restaurant Brands International said it will seek advisors' assistance in identifying a new local operating partner who will inject primary capital into the business and serve as the controlling shareholder.