Announced
Completed
Financials
Sources
Tags
Friendly
fast food chain
Minority
Soft Drinks
Completed
Acquisition
Single Bidder
China
Private
Food Products
Private Equity
Synopsis
Tencent, a Chinese multinational conglomerate holding company, completed an investment in Tim Hortons China, a fast food restaurant chain. Financial terms were not disclosed. Tim Hortons will use the funds to upgrade digital infrastructure and open more stores in China. The company said it would expand store numbers in China from 50 now to 1.5k.
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