Burger King Brazil likely to IPO soon

BK Brasil Operação e Assessoria a Restaurantes SA, operator of the Burger King fast-food chain in Brazil, will list an undisclosed amount of new shares on the country’s stock exchange, the latest in a year-long wave of initial public offerings.

According to a regulatory filing, controlling shareholders Vinci Partners Investimentos Ltda and BRL Trust Investimentos may sell shares in the offering, as may minority shareholder Sommerville Investments BV.

The investment banking unit of Itaú Unibanco Holding SA (ITUB4.SA) will be the lead underwriter, the filing said.