Burger King in talks with 3G

FAST FOOD chain Burger King is in advanced talks with 3G Capital over a sale that could see the company move back into private hands.

News of the ongoing discussions with the New York-based investment vehicle sent shares soaring 15 per cent to $18.86 in American trading. This was the biggest jump in share prices since the firm floated in 2006.

Private equity group 3i had been named as in the frame to buy Burger King, but the company denied this yesterday. Diageo, Goldman Sachs and Bain Capital have all held stakes in Burger King in recent years.