ECP Africa buys Burger King SA franchise for R697mn

PUBLISHED: Wed, 19 Feb 2020 11:15:05 GMT

Grand Parade Investments is selling its 95.36 per cent stake in the Burger King South African franchise as well as its Grand Foods Meat Plant to a Pan-African private equity group called ECP Africa for the tune of R697 million. Paul Maasdorp, Managing Director of ECP Africa joins CNBC Africa for more.