Mubadala Makes Bid for Burger King Brasil
Posted on 08/01/2022
Mubadala Investment Company is making a bid to become the majority shareholder of Zamp SA. Zamp is the parent company of Burger King Brasil. Mubadala is keen to expand its current 5% stake in Zamp to 50.1%. Mubadala aims to purchase 124,322,279 shares at 7.55 BRL per share, with a potential amount of around 938.6 million BRL. Mubadala inherited the position in Zamp when they got it in 2013 as part of Eike Batiste’s US$ 2 billion investment portfolio.