Burger King announces NYSE relist

Burger King, the world’s number two hamburger chain that is in the midst of overhauling its menu and outlets, said it expects to be relisted on the New York Stock Exchange within the next three months.

The New York-based investment firm 3G Capital said it is selling a 29% stake in Burger King for $1.4bn (€1bn) in cash to Justice Holdings Ltd, a London-based shell specifically set up to invest in another company. 3G Capital will keep the remaining 71%.