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

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Zamp shares jumped about 19% in one session after Abu Dhabi fund revealed its plan to buy 45.15 percent. [{ "selector": ".gzogf-a", "duration": "500ms", "fill": "forwards", "delay": "1500ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Mubadala, Abu Dhabi's sovereign wealth fund, is bidding to buy Zamp SA, which owns Burger King and Popeye in Brazil. [{ "selector": ".fqciu-a", "duration": "500ms", "fill": "forwards", "delay": "1500ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

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%. [{ "selector": ".iajim-a", "duration": "500ms", "fill": "forwards", "delay": "1000ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "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