MC Brazil F&B Participações S.A. cancelled the tender offer to acquire an additional 45.15% stake in Zamp S.A. for BRL 1 billion.
September 22, 2022
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MC Brazil F&B Participações S.A. made a tender offer to acquire an additional 45.15% stake in ZAMP S.A. (BOVESPA:BKBR3) for RUB 1 billion on July 30, 2022. Under the terms, MC Brazil F&B Participações will acquire 124,322,279 shares at a prices of BRL 7.55 per share that will be paid in cash, in one sole installment, on the Offer's settlement date. As on September 12, 2022, the offer price has been increased from BRL 7.55 to BRL 8.31. Post completion, MC Brazil F&B Participações will hold 50.1% stake in ZAMP. As of August 17, 2022, Zamp's Board of Directors expresses an opinion against the acceptance of the offer by its shareholders. As of August 23, 2022, 20.44% of the shareholders have rejected the offer. The Offer is not subject to registration with the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários – CVM). Banco BTG Pactual S.A. (BOVESPA:BPAC3) acted as financial advisor to Zamp.
MC Brazil F&B Participações S.A. cancelled the tender offer to acquire an additional 45.15% stake in Zamp S.A. (BOVESPA:BKBR3) for BRL 1 billion on September 23, 2022.
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.
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