Burger King Brazil's shares jump on Mubadala's proposal.

Zamp shares jumped about 19% in one session after Abu Dhabi fund revealed its plan to buy 45.15 percent.

Mubadala, Abu Dhabi's sovereign wealth fund, is bidding to buy Zamp SA, which owns Burger King and Popeye in Brazil.

Mubadala already owns 5% of Zamp and initiated a tender offer. According to a securities filing, it offered 7.55 reais per share for 45.15 percent of total ownership, bringing its position to 50.1%.

Mubadala's bid was 21% higher than Friday's 6.22 reais closing price. Zamp shares rose 18.8% to 7.39 reais. Zamp is the master franchisee of 850 Burger King outlets in Brazil, according to Reuters.

Burger King competes with McDonald's and Starbucks in Brazil's fast-growing fast-food business. Mordar Intelligence predicts Brazil's foodservice business will grow 12.3% over the next five years.

A recent ResearchandMarkets.com report predicts consistent growth in the Brazil food services industry. It's driven by the increased popularity of food service establishments

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