Burger King UK owner hires banks for planned £600m London IPO: report
The timing and size of the deal “have yet to be finalised”.
The owner of Burger King's UK operations has hired Bank of America and Investec to serve up its initial public offering during the first half of 2022, Sky News reported.
The timing and size of the deal “have yet to be finalised”, but sources cited by the report suggested that a flotation was now “a likelier outcome” than a sale to another private equity firm.
A sale, however, remains possible depending on public market conditions “at the time.”
Burger King UK CEO Alasdair Murdoch unveiled plans to eliminate some of its meat menu items and shift to a 50% plant-based menu by 2031, with the company also having committed to phasing out all single-use plastics in its restaurants by 2025.
Read the full report here.
