Burger King sale still sizzling on back burner

BUSINESS

Pan-African private equity firm Emerging Capital Partners (ECP Africa) refused to engage the Competition Commission on its lack of black ownership credentials, and the 5% offer by ECP Africa was only made two days before the commission’s decision to block the sale of Burger King SA by Grand Parade Investments to the company.

This is according to a senior employee at the Competition Commission, who told City Press that he thinks someone from within leaked the information to ECP Africa ahead of the announcement that the commission intended to block the transaction.