• TRM (USD/COP)COP 3,301.91 +0.15% +COP 4.84Colombia's official exchange rate (Financial Superintendence), valid Nov 13 to Nov 13
  • EuroCOP 3,649.29 -0.53% -COP 19.38Reference: TRM crossed with the European Central Bank rate of Nov 13; not the market quote
  • Mexican pesoCOP 177.59 +0.50% +COP 0.89Reference: TRM crossed with the European Central Bank rate of Nov 13; not the market quote

José Luis Manzano buys Burger King Argentina through Integra Capital

FinanceInternationalClarínAI summary
Image: Clarín

Mexican company Alsea told its country's stock exchange it signed a binding agreement to sell its Burger King restaurants in Argentina, a deal subject to regulatory approvals. The buyer is José Luis Manzano, through his group Integra Capital, according to Clarín. Integra seeks synergies with its Shell service stations, replicating the YPF-McDonald's model. The chain has 116 locations in the country and ranks third in fast food. Alsea will keep operating Starbucks and PF Chang's.

In 40 seconds

  • Alsea signed a binding agreement to sell Burger King Argentina; the deal depends on regulatory approvals.
  • The buyer is José Luis Manzano, through Integra Capital, a group with investments in Edenor, Shell and Metrogas.
  • Integra seeks synergies between the burger chain and its Shell service stations, like YPF with McDonald's.
Read the full story at Clarín

IASummary generated by artificial intelligence from a story by Clarín. It may contain errors: the original source prevails.

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