Grand Parade’s Burger King disposal hits another snag
GPI is urgently negotiating the sale of Burger King SA after Covid-19 devalued it by about R100m
24 December 2020 - 13:04
Grand Parade Investments (GPI), which has interests in food and gaming, has encountered another snag in its almost year-long effort to dispose of Burger King SA.
The Cape Town-based investment holding company, which has minority stakes in Sunwest International casino and restaurant chain Spur, said in a Sens statement on Thursday that the offer it had received to acquire all the shares it holds in Burger King SA had expired. GPI said a formal extension of the offer is being considered as it is “urgently negotiating” the sale and purchase agreement...
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