South Africa's Grand Parade to sell Burger King franchise
02/19/2020
JOHANNESBURG (Reuters) – Grand Parade Investments (GPI) Ltd (GPLJ.J), which holds the Burger King franchise in South Africa, said on Wednesday it will sell its 95.36% stake in the business to ECP Africa Fund, in an attempt to close a valuation discount to its net asset value.
The sale also includes all shares it holds in Grand Foods Meat Plant, it said in a statement.
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Home » Analysis & Comment » South Africa's Grand Parade to sell Burger King franchise
South Africa's Grand Parade to sell Burger King franchise
JOHANNESBURG (Reuters) – Grand Parade Investments (GPI) Ltd (GPLJ.J), which holds the Burger King franchise in South Africa, said on Wednesday it will sell its 95.36% stake in the business to ECP Africa Fund, in an attempt to close a valuation discount to its net asset value.
The sale also includes all shares it holds in Grand Foods Meat Plant, it said in a statement.
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