UPDATE 1-Mubadala-backed Zamp considers opportunity to operate Subway brand in Brazil
Dow Jones Industrial Average DJI | 42387.57 | +0.65% |
S&P 500 index SPX | 5823.52 | +0.27% |
NASDAQ IXIC | 18567.19 | +0.26% |
Recasts with Zamp securities filing
SAO PAULO, June 28 (Reuters) - Brazilian restaurant chain operator Zamp ZAMP3.SA said on Friday in a securities filing that it is considering an opportunity to develop the Subway restaurant brand in Brazil.
Local newspaper O Globo had reported earlier on Friday that Zamp was in advanced talks to buy the rights to operate the Subway brand.
Zamp is controlled by Abu Dhabi state investor Mubadala MUDEV.UL and already operates Burger King and Popeyes restaurants in Brazil. It recently also reached a deal to operate the Starbucks SBUX.O brand there.
(Reporting by Gabriel Araujo and Luana Maria Benedito
Editing by Tomasz Janowski and Sandra Maler)
((Gabriel.Araujo2@thomsonreuters.com; +55 11 5047-3352;))