Burger King to relist on New York Stock Exchange

Burger King logo Burger King is continuing with a menu and store overhaul programme

Related Stories

Fast-food giant Burger King is to relist on the New York Stock Exchange (NYSE).

It follows the announcement that its owner, private equity group 3G Capital, is to sell a 29% stake for $1.4bn (£881m) to UK-based investment vehicle Justice Holdings.

Once the sale is complete, Justice Holdings' shares will suspend trading on the London Stock Exchange.

Shares in Burger King will then be floated on the NYSE.

This is expected to take place within the next two to three months. It is not yet known what percentage of shares will be sold.

'Maximise potential'

3G Capital, which bought Burger King for $3.26bn in September 2010, will retain a 71% stake in the company, which will be renamed Burger King Worldwide.

Burger King had previously been listed on the New York Stock Exchange prior to its purchase by 3G Capital.

Burger King chief financial officer Daniel Schwartz said: "It's the right time for Burger King to be public in the US again.

"Our new investor base will help us maximise the brand's future potential going forward."

Burger King is currently continuing with a programme of overhauling its menus and stores.

Justice Holdings was founded by investors Nicolas Berggruen, Bill Ackman and Martin Franklin.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories


Features & Analysis

Elsewhere on the BBC

  • Audi R8Need for speed

    Audi unveils its fastest production car ever - ahead of its Geneva debut


  • BatteriesClick Watch

    More power to your phone - the lithium-ion batteries that could last twice as long

Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.