Burger King restaurants in Portugal and Spain don’t change hands after all – Economy
Now released a statement that today will confirm the completion of all appeals today, RB Iberia likely that this happened due to its demand “due to its demand “due to its demand “due to its demand “due to its demand” due to your requirement “due to your requirement “due to your requirement “due to your requirement “due to your requirement “due to your requirement “due to your requirement “due to your requirement “due to your requirement”
The breach in the amount of the agreement, the company said, has resulted in a discrepancy of 2 million euros offered”, stating that “this is what was agreed between the parties at 1 million euros”.
After the acquisition decision for the acquisition referring to the negotiation and the withdrawal of the corresponding economic offer, RB Iberia, which maintains the acquisition right in the acquisition referring “according to the contracts with Ibersol, is the only buyer, in practice, the only natural buyer of the company”.
RB also says that it is available to continue as a partnership with Ibersol, a translation for both parties.
“RB Iberia maintains its commitment to the Burger King brand in Portugal, and an investment of 150 million euros is planned for its development in the country in the coming years”, reads the same statement.
This Thursday, in a statement sent to the Securities and Exchange Commission (CMVM), Ibersol said that it had decided not to accept the RB Iberia Commission’s offer.
“In Portugal, reference to Spain of the SGPS, SA (“Iber”) restaurants of the last global proposal presented by RBI, including in particular with regard to the value proposal and associated conditions”, the Board of Directors “verified that there are no conditions to continue this process, having thus decided not to accept an offer from RBI”, refers to a statement from Ibersol.
On June 6, Ibersol informed the CMVM that it had received a binding offer from RBI for the purchase of the Burguer King restaurants, but disagreed with the proposed adjustments, giving the company on the 10th of this month to review the terms and conditions.
On June 13, it announced, in a statement sent to the market, that it would consider a new proposal from Restaurant Brands Iberia to buy the restaurants.