SAO PAULO - The franchise holder of the Burger King brand in Brazil, Zamp SA, said on Monday that Abu Dhabi state investor Mubadala Capital LLC has launched a tender offer to acquire control of the company.
According to a securities filing, Mubadala has offered 7.55 reais ($1.47) per share to buy 45.15% of Zamp, which would take its stake in the company to 50.1%. Mubadala's bid implies a 21% premium over Friday's closing price of 6.22 reais.
Zamp was previously known as BK Brasil Operacao e Assessoria a Restaurantes S.A. and is the master franchisee of the 850 Burger King stores in Brazil.
(Reporting by Gabriel Araujo; Editing by Louise Heavens and Jan Harvey)