The network Burger King Brazil filed your application for initial offering of shares (IPO, the acronym in English) and should perform your IPO in December. With this, the last year window has the potential to move some R $20 billion. BR Distribuidora, Algar Telecom and Neorenergia are other companies that seek to open capital also in the final month of the year.
The offer will be primary and secondary, with the sale of part of da Vinci Capital and Temasek. In the draft preliminary prospectus, available on the website of the Brazilian Securities Commission (CVM) still exist in the number of shares to be offered or the indicative price range.
Offer primary resources, the company will set aside for organic expansion of new restaurants and acceleration of opening of dessert kiosks in the next few years. In addition, the company plans to use part of the resources to research and development of new brands of fast food.
The document points out that the network in Brazil has shown strong growth, with the number of brand restaurants out of 108 in July 2011 to 628 in the end of September this year. "We work to consolidate us as the brand of fast food favorite and most profitable of Brazil", according to the document.
Today the partners are Vinci Partners .33 percent, Capital Group, 31%, and Temasek, 15%. Already the Restaurant Brands International, owner of the Burger King brand, here are some other 15%.
Banks are offering engineers Itaú BBA, Bank of America Merrill Lynch, Bradesco BBI, BTG Pactual, JP Morgan and XP Investimentos.
ISTOÉ – 20/10/2017
News Item translated automatically
Click HERE to see original
