Burger King is sold to Brazilian company

Published in the newspaper Folha de Sao Paulo on September 2, 2010 (in Portuguese) 


Burger King announced this morning an agreement Thursday with Brazil's 3G Capital to sell all its common shares for $ 24 each, or a total of U.S. $ 4 billion, said in a statement the fast-food . The acquisition includes the refinancing of company debt. The transaction is expected to close in the fourth quarter of this year.
At 11h58 (GMT-3) the stock was sold for U.S. $ 23.4 on the NYSE (NYSE), 24% more than the closing price yesterday, to U.S. $ 18.86 per share.
In a statement, Burger King said the term of the agreement was approved unanimously by the Board of Directors Network, and details all the common shares will be sold. The premium obtained with the operation, according to the company, will be 46% on the price of paper - before affected by market rumors.
The agreement provides that 3G Capital to purchase, through public offering, all outstanding shares (listed on the Stock Exchange) company.
About 31% of the outstanding shares owned by members of TPG Capital LP, Goldman Sachs Capital Partners and Bain Capital Investors. The agreement states that this percentage will be offered entirely on the sale.
For the acquisition, 3G Capital won funding directed to purchase all outstanding shares and in order to refinance existing debts.
According to the institutional site of 3G Capital - a company that has connections with the founders of AmBev, entrepreneurs Marcel Telles, Jorge Paulo Lemann and Carlos Alberto Sicupira - 3G Capital focuses on "investing in stocks of well managed companies, primarily solid being traded at a substantial discount to its market, and traded.
In a statement, Alex Behring, managing partner of 3G Capital, justified the purchase to be "the Burger King an icon of global brands and strong franchise network, in addition to offering great products [which] make this [agreement] a perfect fit for 3G Capital - which has a strong track record of long-term investments in brands global consumer and retail. "
DIFFICULTIES
Burger King trades its shares on the NYSE (NYSE) since 2006.
In August, the Burger King low projected demand for the current fiscal year amid a difficult economic recovery and said he was unsure about how much the cost of raw materials, such as meat, would impact the company.
The company said that the high unemployment rate in the U.S. and the austerity programs in Europe would affect sales in restaurants in operation for over a year.
Burger King competes with McDonald's, said he expected commodity prices in the U.S. are weak in fiscal 2011, although the cost of beef and wheat are not accurate.
The fast-food chain currently operates 12 150 restaurants in 50 states and 75 countries. According to Burger King, about 90% of its units are operated by independent franchisees.

Tourism in Brazil after the 2014 and 2016, will be like?

Brazil

In the next few years Brazil will receive two major global events: the 2014 FIFA World Cup and the Olympics in Rio de Janeiro in 2016. Until these events occur, the country is investing in training and improved structure to receive tourists. As far as the government and private companies are preparing for their professional growth of the tourism sector in Brazil. And the expectation is high. Today, tourism in Brazil represents 2.8% of GDP (Gross Domestic Product). In 2014 will be 4%.
But one thing is certain. This growth will only be sustainable if investments in tourism continue. After all this investment, and Brazil to show the world, it's time to keep it.

We are building a new Brazil. Take part in this movement.

Good times: domestic consumption rises Brazilian GDP

Published on Jormal Folha de Sao Paulo in 8/10/2010. 


The Brazilian economy should grow 6.5% this year, according to a forecast of the Finance Ministry. The Brazilian Economy in Perspective report indicates that the expansion in 2010 will be driven by investment and household consumption, in addition to accelerating the implementation of the PAC (Growth Acceleration Program).
Household consumption should end the year high of 6.6%, and investment must represent an advance of 20.4%. Government consumption must be discharged more modest 2.8%, according to the report.
According to the report, the country resumed the cycle of sustainable growth, up 2.7% in the first quarter and 11.4% in annualized terms. Even with the strong expansion in the period, the Treasury points out that the end of the fiscal and monetary stimulus will cause the GDP (Gross Domestic Product) continues to grow in the second half, but no signs of overheating.
The domestic demand was responsible for the rapid recovery of the economy after the global crisis, with an advance of 9.1%, more than offsetting the 2.6% drop in external demand. The growth of income and employment are appointed by the Ministry of Finance as responsible for the gains.
INFLATION
The government maintained its forecast for the IPCA (Consumer Price Index Large) emem 5.2% this year. The index is above the central target for the period from 4.5%. In July, inflation was found in 0.01%, after recording stable in June.
Over the past 12 months, the IPCA accumulated a high of 4.6%, almost in the center of the target (4.5%) determined by the federal government. For the year, the index recorded an increase of 3.1%.
Food had a deflation of 0.76%, compared to negative growth of 0.90% last month. Non-food products were registered slowdown and inflation of 0.24% against 0.27% in June.
Figures are from the bimonthly report, for June and July 2010, prepared by experts from the Ministry of Finance.