In a statement sent to the Securities Market Commission (CMVM), Ibersol revealed that the agreement provides for the opening of 70 new units in the Iberian Peninsula over the next ten years.

The Portuguese group also informed the CMVM that negotiations with Restaurant Brands Ibéria to sell Burger King restaurants will continue until June 30.

The nearly 160 Burger King restaurants in Portugal were valued at €250 million, plus €7 million in tax credits and €3 million from investment in two additional restaurants opened in 2022.