Brazil’s Burger King owner snubs Mubadala bid

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SAO PAULO — The owner of Burger King Brazil, Zamp SA, said on Wednesday its board of directors is against the bid to acquire the company launched by Abu Dhabi state investor Mubadala Capital LLC, ahead of a shareholder vote on the deal.

Zamp, previously known as BK Brasil Operacao e Assessoria a Restaurantes SA, is the master franchise of the Burger King brand in Brazil, operating around 850 stores.

(Reporting by Peter Frontini Editing by Chris Reese)

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