Goldman Sachs (GS) has secured exclusive rights to negotiate the purchase of Burger King's Japan business from Affinity Equity Partners, Nikkei Asia reported Monday.
The deal is expected to be worth roughly 70 billion yen ($444.5 million) and would give Goldman Sachs control of BK Japan Holdings, which runs about 310 Burger King locations across the country, the report said.
The US investment bank sees the acquisition as part of its broader push into Japanese investments, the report added.
Affinity Equity Partners, Goldman Sachs, and Burger King didn't immediately reply to MT Newswires' requests for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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