Burger King India formalizes deal to acquire 83.24% stake in BK Indonesia
BK Indonesia manages and operates the Burger King brand in Indonesia. The Company believes that BK Indonesia is a good fit given the Company's experience in managing and operating the Burger King brand in India. The Company realizes the high growth potential in the Indonesian market and believes that the Company can be the right partner to drive the Burger King brand in Indonesia through its next phase of growth.
The company's shareholding in BK Indonesia will increase further subsequent to proposed capital infusion.
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First Published: Dec 17 2021 | 9:32 AM IST