VOL. XXXIX

No. 33

13-May-1996

BAHRAIN

BIB Acquires Carrols Holding Corporation Of The US

Bahrain International Bank (BIB) announced on 5 May that it had acquired all the equity of Carrols Holding Company of the US for $86.5mn. Carrols Holding is the parent company of Carrols Corporation, which operates 220 Burger King restaurants in three geographic regions of the US: the north- east, the Great Lakes, and North Carolina. Carrols Corporation is the largest operator of Burger King...