Zamp S.A. made a non-binding offer to acquire Certain Goods and Assets of the Starbucks Stores in Brazil from Southrock Capital Ltda. for BRL 120 million.
April 18, 2024
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Zamp S.A. (BOVESPA:ZAMP3) made a non-binding offer to acquire Certain Goods and Assets of the Starbucks Stores in Brazil from Southrock Capital Ltda. for BRL 120 million on April 19, 2024. Zamp S.A. entered into a sale and purchase agreement to acquire Certain Goods and Assets of the Starbucks Stores in Brazil from Southrock Capital Ltda. on June 6, 2024. A cash consideration of BRL 120 million will be paid by Zamp S.A. As part of consideration, BRL 120 million is paid towards assets of Certain Goods and Assets of the Starbucks Stores in Brazil. The closing of the transaction is subject to certain conditions precedent, including the judicial authorization within the
scope of SouthRock?s judicial reorganization, as provided by law, the approval of the transaction by CADE,and the execution of definitive contracts with Starbucks Corporation as the owner of the ?Starbucks? brand, in addition to other customary conditions in transactions of this nature.
Rothschild Brasil Ltda. acted as financial advisor for Zamp S.A. Barbosa, Müssnich & Aragão Advogados acted as legal advisor for Zamp S.A.
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.
Zamp S.A. made a non-binding offer to acquire Certain Goods and Assets of the Starbucks Stores in Brazil from Southrock Capital Ltda. for BRL 120 million.
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