Turnover grew by 23.7%, to 357.3 million euros, but still 26.4% below the pre-pandemic numbers recorded in 2019.Last year, Ibersol opened 30 new establishments, 24 of which in the last quarter, including, in Portugal, 12 Burger King, seven Taco Bell, six Kentucky Fried Chicken and five Pizza Hut restaurants. On the other hand, nine stores were closed in Portugal and 23 in Spain. As of December 31, 2021, Ibersol had 383 establishments in Portugal, 225 in Spain, 10 in Angola and three in France.
As for the ongoing negotiations with Restaurant Brands Iberia for the purchase of Burger King’s operations in Portugal and Spain, the company states that the Spanish company’s proposal has an enterprise value of 250 million euros, “on a cash and debt- free, which can come to
be increased by up to €7 million, relating to the potential use of tax credits”.
“On the present date, the process of confirmatory due diligence and the obtaining of internal authorizations and external financing by the proposing entity are in progress, conditioning the proposal received”, he adds.
Source: Jornal de Negócios by www.jornaldenegocios.pt.
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