BK Brasil Opera??o e Assessoria a Restaurantes S.A. cancelled the acquisition of Domino's Pizza franchise from Vinci Capital Gestora de Recursos Ltda. and Sorrento Investments Limited.
October 30, 2021
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BK Brasil Opera??o e Assessoria a Restaurantes S.A. (BOVESPA:BKBR3) agreed to acquire Domino's Pizza franchise from Vinci Capital Gestora de Recursos Ltda. and Sorrento Investments Limited on July 19, 2021. If approved, the shareholders of DP Brasil will jointly receive 54,081,596 common shares issued by BK, equivalent to 16.4% of the company?s total common shares. The transaction is subject to approval of merger agreement by acquirer board. The transaction is subject to shareholder approval as well as regulatory approvals. The expected closing date of the transaction is to close in 2021. Rothschild & Co SCA (ENXTPA:ROTH) acted as financial advisor to BK Brasil Opera??o e Assessoria a Restaurantes S.A. Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados acted as legal advisor to BK Brasil Opera??o e Assessoria a Restaurantes S.A. Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados acted as legal advisor to Vinci Capital Gestora de Recursos Ltda. Rodrigo Millar de Castro Guerra, Ot?vio Lucas Solano Val?rio and George de Magalh?es Carvalho of Lobo & de Rizzo Advogados acted as legal advisors in the transaction.
BK Brasil Opera??o e Assessoria a Restaurantes S.A. (BOVESPA:BKBR3) cancelled the acquisition of Domino's Pizza franchise from Vinci Capital Gestora de Recursos Ltda. and Sorrento Investments Limited on November 1, 2021. The transaction was cancelled due to adverse market conditions. However, the companies make it clear in the document that the transaction can be resumed in the future. Because the companies have an exclusive preferential agreement that is valid for one year. The termination agreement grants mutual release to both parties and does not result in penalties of any nature. Additionally, the agreement sets forth a right of first refusal for BK Brasil for the period of twelve months for the acquisition of Domino's Brasil in case of any sale control of the company, and?exclusivity rights to Domino's Brasil to commercialize pizza and/or focus on pizza delivery.
Zamp SA, formerly BK Brasil Operacao e Assessoria a Restaurantes SA is a Brazil-based restaurant operator with a brand portfolio that delivers food indulgence and diversity. The Company operates such brands as Burger King and Popeyes. Its commercial activity consists on importing and exporting products related to the main operating activity of the Burger King and Popeyes restaurants. The Companyâs offering includes food and beverages from Burger King menu, such as cheeseburgers, burgers with different flavors and premium offerings, such as the Mega Stacker family and the Dulce de Leche, onion rings, hot dogs, French and chicken fries, salads, soft drinks, juices, coffee, milkshakes, as well as cakes and ice creams.
BK Brasil Opera??o e Assessoria a Restaurantes S.A. cancelled the acquisition of Domino's Pizza franchise from Vinci Capital Gestora de Recursos Ltda. and Sorrento Investments Limited.