Ibersol, S.G.P.S., S.A. (ENXTLS:IBS) and Restaurant Brands Iberia SA entered into negotiations on an exclusive basis (for a period of six weeks) regarding the latter's potential acquisition of Burger King restaurants belonging to Ibersol in Portuguese and Spanish territory. According to Ibersol, “the aforementioned restaurants have been indicatively valued by Restaurant Brands Iberia, SA for an “enterprise value” of EUR 250 million, on a “cash and debt-free” basis, which can be increased up to 'to EUR 7 million related to the potential use of tax credits'. According to Ibersol, "this proposal remains subject to a set of assumptions and conditions, including, among others, (i) the completion of a confirmatory due diligence process and (ii) the obtaining of internal authorizations and financing external by part of the proposing entity".

Ibersol announced on February 16 that it was studying a proposal to purchase, at the time for EUR million, the Burger King restaurants it owns in Portugal and Spain, presented by Restaurant Brands Iberia, which manages the brand in these countries.