RBI acquires ~100% of Burger King China for $158M; will seek new local partner

Restaurant Brands International Inc.

Paid $158M cash to TFI and Cartesian for all equity interests in Burger King China joint venture.
RBI now owns nearly 100% of the ~1,500-restaurant business; TFI helped grow from 60 in 2012.
Plans to engage advisors to find a new local operating partner to inject primary capital and become controlling shareholder.
Transaction aligns with RBI's strategy of partnering with local operators while maintaining franchised model.
TFI and Cartesian remain partners in other markets (Turkey and Tim Hortons China).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.