Clifford Chance is advising Restaurant Brands Iberia on a €260 million deal to acquire 158 Burger King restaurants in Portugal and Spain.

Restaurant Brands Iberia, the group that holds master franchise rights for the Burger King brand in Spain, Portugal, Gibraltar and Andorra, as well as the Popeyes and Tim Hortons brands in Spain, has agreed to acquire 121 Burger King restaurants in Portugal and 37 in Spain from Ibersol, a Portuguese multi-brand group in the foodservice industry.