Grand Parade agrees to new offer for Burger King after Covid-19 hit
Covid-19 has shaved off about R100m off the value of Burger King, which Grand Parade had said in December it wanted to sell
29 July 2020 - 11:14
Leisure and gaming company Grand Parade Investments (GPI) said on Wednesday it had renegotiated the terms of the sale of its SA Burger King licence, after Covid-19 wiped off about R100m in value.
The new sales terms are based on an enterprise value for Burger King of R570m, from R670m when it announced an agreement in February...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.