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Burger King France in talks to buy Fastfood Chain Quick

Groupe Bertrand, Burger King France’s majority shareholder, is in exclusive negotiations a acquire Quick, a French fast food chain. The deal would make Quick the second largest fast food chain in France behind McDonald’s. The financial terms of the deal were not part of a joint statement from both firms.

Burger King France operates 25 restaurants and had revenues of 100 million euros in 2014, pocket change compared to Quick’s 1.029 billion euros in revenue for the same time period in over 509 restaurants.

The purchase of Quick from its majority shareholder Qualium Investissement would mark an vital step in Burger King’s revival in France. BK relaunched in 2013, after departing in 1997, selling most of its restaurants to Quick.

It the deal is approved Quick restaurants in France will be rebranded as Burger King, while the restaurants in Luxembourg, Belgium and outside the EU would keep their original name.

The deal could close by the end of the year and will be subject to approval from competition authorities and bondholders along with a consultation with employee representatives.