secwatch.observer — SEC 8-K summary
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Issuer:     Restaurant Brands International Inc. (QSR)
CIK:        0001618756
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0001618756-25-000078
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618756/000161875625000078/0001618756-25-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618756/000161875625000078/qsr-20250218.htm
  HTML page:      https://secwatch.observer/filing/0001618756-25-000078

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