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EU Approves Burger King Sale to US Consortium - 2002-10-11


European Union antitrust regulators have cleared the sale of fast food restaurant chain Burger King to a trio of American investors. Britain's Diageo said in July it planned to sell the world's second-largest restaurant chain to the U.S. consortium for more than $2 billion.

The sale will bring Burger King into the same group as Domino's Pizza. EU officials determined that Burger King will still face stiff competition in European markets from world leader McDonald's and other fast food outlets. U.S. antitrust investigators cleared the deal in August.

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