Overview

• Alsea has begun a formal sale process for Burger King in Argentina and appointed BBVA to approach investors and operators.
• The planned divestment aligns with a broader pullback from Burger King licenses in Chile and Mexico.
• Media reports name DGSA, Inverlat and Int Food as potential bidders under early outreach.
• The Argentine network includes 118 restaurants across 11 provinces, with the brand present in the country since 1989.
• Alsea says it will continue operating Starbucks locally and notes a precedent with the sale of Burger King Spain to Cinven; it declined to comment beyond official channels.