VTB Capital Forms a Joint Venture with Burger King (CEE and CIS)

Source: VTB Capital

Russia-based VTB Capital’s Private Equity and Special Situations group has partnered with Burger King Corporation and Burger Rus, the largest Russian Burger King franchise with 54 restaurants, to form a joint venture to expand the global fast food chain’s presence in Russia. The new joint venture will own exclusive rights to expand the Burger King franchise in Russia and plans to open several hundred new locations in the country over the next few years.  Financial terms of the transaction were not disclosed.