Burger King Says in Pact with Promotora for Colombia Franchises
Burger King Worldwide (NYSE: BKW) today announced an exclusive restaurant development agreement with Fondo Escala Capital and Promotora to further develop the BURGER KING^® brand in Colombia by more than 100 new points of sale within the next five years. As part of the transaction, Fondo Escala Capital and Promotora have agreed to acquire a majority stake in Kinco, S.A.S., currently a franchisee of Burger King Worldwide.
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