Statement by Industry Minister James Moore on the Proposed Acquisition of Tim Hortons by Burger King
(firmenpresse) - OTTAWA, ONTARIO -- (Marketwired) -- 12/04/14 -- Today, Industry Minister James Moore made the following statement on Burger King''s application under the Investment Canada Act to acquire control of Tim Hortons:
"Burger King''s application to acquire control of Tim Hortons has been approved.
"Foreign investment transactions are reviewed on their merits and the overall economic benefit for Canada.
"As a result of this review, Burger King has agreed to the following commitments:
"The result of this transaction is this new global company, with sales of more than $23 billion annually, which will now be based in Canada. Our government is pleased to see companies like Burger King investing in Canada''s economy and looking to benefit from our low taxes and open markets."
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Contacts:
Jake Enwright
Press Secretary
Office of the Minister of Industry
343-291-2500
Media Relations
Industry Canada
343-291-1777
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Datum: 04.12.2014 - 15:00 Uhr
Sprache: Deutsch
News-ID 1323200
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Government & Administration
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