INSUBCONTINENT EXCLUSIVE:
In Brazil, Zamp, the powerhouse behind Burger King and Popeyes, saw its stock price fall by 8.44% to R$3.58 after announcing a planned
competitive market.The company has proposed issuing between 78,631,580 and 131,578,948 new shares at R$3.42 ($0.63) each, marking a 12.5%
discount from the last close.This strategic price point not only aims to attract investment but also to balance the needs of existing
shareholders, ensuring they maintain their stakes without dilution.This is crucial, as the potential capital raised could soar to R$450
(Photo Internet reproduction)Existing shareholders get the first dibs on the new shares, a move ensuring loyalty and stability among its
investor base.The upcoming Extraordinary General Meeting (EGM) on July 26, 2024, will decide the fate of this proposal, with registration
$23 million).This acquisition marks a significant step for Zamp
It will expand its presence in the Brazilian market.Currently, Zamp manages Burger King and Popeyes in Brazil
SouthRock, the previous operator of Starbucks in Brazil, filed for judicial recovery late last year.They managed around 140 Starbucks stores
This situation presented an opportunity for Zamp to step in.The agreed price of R$120 million could change
Adjustments will depend on the number of stores acquired and inventory levels at the closing date.This acquisition comes at a crucial time
Starbucks has a strong brand presence in Brazil
Brazilian market for international brands.
