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Food & Beverage

Hong Kong fund to sell Burger King stakes in South Korea, Japan

Affinity Equity Partners will start bidding soon that could reach $874 million

Burger King sales have benefited from the surge in takeaways during the COVID-19 pandemic, raising the value of the business.    © Reuters

TOKYO -- Hong Kong-based Affinity Equity Partners plans to sell its Japanese and South Korean Burger King businesses, Nikkei has learned. It will soon start bidding and the combined sales price could amount to around 100 billion yen ($874 million) .

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