Tycoon Tan Is Said to Weigh Starbucks Malaysia Owner Buyout
- Malaysian businessman in talks with banks on potential deal
- Kuala Lumpur-listed Berjaya Food owns Starbucks Malaysia
Berjaya Food owns 100% of Starbucks Corp.’s Malaysian operations.
Photographer: Sanjit Das/Bloomberg
Malaysian tycoon Vincent Tan is considering taking Kuala Lumpur-listed Berjaya Food Bhd. private, according to people with knowledge of the matter.
Tan is in talks with banks about financing for a potential buyout deal for Berjaya Food, which owns 100% of Starbucks Corp.’s Malaysian operations, said the people, asking not to be named as the matter is private. Berjaya Food’s stock, which had lost more than a quarter of its value in the past year, jumped as much as 6.5% after the Bloomberg News report, the biggest intraday gain since September.