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Tim Hortons China Is Said Near $1.8 Billion Deal With SPAC

  • Deal with Hong Kong-based firm could come as soon as this week
  • Tencent-backed joint venture has more than 150 Chinese outlets
relates to Tim Hortons China Is Said Near $1.8 Billion Deal With SPAC

Source: Restaurant Brands International Inc.

Updated on

The joint venture that runs the Chinese locations of iconic Canadian coffee shop chain Tim Hortons is nearing a deal to go public through a merger with blank-check company Silver Crest Acquisition Corp., people familiar with the matter said.

A transaction could value the combined entity at about $1.8 billion and an announcement could come as early as this week, the people said, asking not to be identified because the matter is private.