Restaurant Brands acquired the stakes in Burger King China from a holding company TFI Asia Holdings BV and a blank-check firm Pangaea Two Acquisition Holdings XXIII. Restaurant Brands had 1,474 Burger King restaurants in China, as of December 31, 2024. Copyright 2025 Thomson Reuters.

Burger King, Tim Hortons, and Firehouse Subs parent company Restaurant Brands International announced Tuesday one of its subsidiaries has acquired all equity interests in Burger King China from TFI Asian Holdings BV and Pangaea Two Acquisition Holdings XXIII,

Restaurant Brands International (NYSE:QSR) subsidiary has acquired from TFI Asia Holdings BV and Pangaea Two Acquisition Holdings XXIII all their equity interests in Burger King China for approximately $158M in an all-cash transaction.

Restaurant Brands International is acquiring Burger King China from TFI Asia Holdings but plans to find a new local operator.

Restaurant Brands International (QSR) took over Burger King China from its local franchisee with a $158 million purchase. This comes as Burger

Shares of Restaurant Brands International Inc. (QSR) were in the spotlight on Tuesday after the company said its subsidiary bought a 100% stake in Burger King China for about $158 million in an all-cash transaction.