Zamp, which is controlled by Abu Dhabi state investor Mubadala, operates Burger King and Popeyes restaurants in Brazil, and had disclosed in February it was in talks to buy the Starbucks brand in the country.
Facade of Starbucks Coffee, located in Paulista Avenue, downtown Sao Paulo © Mena Today
Zamp, which is controlled by Abu Dhabi state investor Mubadala, operates Burger King and Popeyes restaurants in Brazil, and had disclosed in February it was in talks to buy the Starbucks brand in the country.
It is not yet known exactly how many of the more than 100 Starbucks stores in the country Zamp would buy, the company added.
As required by SouthRock's bankruptcy proceedings, the deal would be implemented through a competitive process, in which Zamp would have the right to match potentially higher bids, according to the filing.
Zamp said the deal requires approval from Brazil's antitrust watchdog CADE and the court overseeing SouthRock's bankruptcy.
It also needs a final agreement with Starbucks, which has so far reached an initial deal authorizing Zamp to explore the brand and develop operations of the coffee shop chain in Latin America's largest economy.
($1 = 5.2991 reais)
Reporting by Andre Romani
A senior Emirati official on Monday called on Gulf countries to strengthen their collective security system after a series of attacks by Iran-aligned Houthis from Yemen on Saudi Arabia.
Several top energy executives were dropped from the schedule of the WPC Energy Congress in Riyadh, as Saudi authorities pressed ahead with the event despite deadly attacks on the capital claimed by Yemen's Iran-aligned Houthis.
The organisers of two major Saudi energy and investment conferences said their events will go ahead this month and reassured visitors on security, after missile attacks on Riyadh's airport left four people dead and an airliner heavily damaged this week.
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