Mercapital to Buy 70% of Rubaiyat Steakhouse, Veja Reports

Brazilian steakhouse chain Rubaiyat agreed to sell a 70 percent stake to Mercapital SL for 46 million euros ($56.7 million), the Sao Paulo-based weekly Veja reported.

Belarmino Fernandez Iglesias Filho, head of Rubayait restaurants, said he signed the deal this week with Madrid-based Mercapital private equity, Veja says.

To contact the reporter on this story: Blake Schmidt in Bogota at bschmidt16@bloomberg.net

To contact the editor responsible for this story: Sylvia Wier in New York at swier@bloomberg.net

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