---
schema_version: "secwatch.filing_event.v1"
accession: "0001546417-24-000170"
form_type: "8-K"
ticker: "BLMN"
cik: "0001546417"
company_name: "Bloomin' Brands, Inc."
filed_at: "2024-12-31T23:59:59+00:00"
generated_at: "2026-05-28T21:41:01.842877+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Bloomin' Brands completes sale of 67% stake in Brazil operations for ~$225M; CFO to lead Brazilian entity

## Summary
- Closed sale of 67% of Brazil unit to Osaka Participações (Vinci Partners fund) for R$1.4B (~$225M); $117.2M received at close.
- Remaining 48% of purchase price due in one year, hedged with FX forward contracts.
- Pierre Berenstein to leave corporate role; becomes CEO of OSRB, receives $2M in equity (50% funded by company).
- Shareholders agreement includes put-call option for full exit of remaining 33% stake between Oct 2028 and Dec 2028.
- Sale follows strategic review; company retains 33% stake with board representation and governance rights.

## SEC filing metadata
- accession: 0001546417-24-000170
- form_type: 8-K
- ticker: BLMN
- cik: 0001546417
- company_name: Bloomin' Brands, Inc.
- filed_at: 2024-12-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1546417/000154641724000170/0001546417-24-000170-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1546417/000154641724000170/blmn-20241230.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001546417-24-000170
- JSON: https://secwatch.observer/filing/0001546417-24-000170.json
- Plain text: https://secwatch.observer/filing/0001546417-24-000170.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.