As part of the transaction, Fondo Escala Capital and Promotora have agreed to acquire a majority stake in Kinco, SAS, currently a franchisee of Burger King Worldwide.
Jose Tomas, president, Latin America and Caribbean, Burger King Worldwide, said: “Colombia’s economy is thriving and we believe this is a valuable market in our strategic mission to expand our footprint in the Latin America and Caribbean region.
“There is a tremendous opportunity to grow the Burger King brand in Colombia and this deal is an important step in realising that opportunity.”
Source: Burger King
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