Burger King franchise draws interest from many parties

KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas), which has posted gains in its funds, revealed that many parties have expressed interest to acquire its loss-making Burger King franchise despite an unsuccessful attempt to sell it earlier this year.

The government-linked private equity firm had struck a RM95mil cash deal with Brahim’s Holdings Bhd over Burger King, only to see it falling through as over 90% of Brahim’s shareholders unexpectedly rejected the proposal in February.