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Burger King in talks with doughnut shop Tim Hortons over takeover

Burger King is in talks to buy over Canadian coffee and doughnut shop Tim Hortons, although it is being promised that both would keep their separate brand identities if the acquisition takes place.

If successful, a merger with Tim Hortons, previously owned by American fast-food chain Wendy’s, would create the world's third-largest fast-food combine, worth about £10.9bn on the stock market.

The talks were confirmed on Sunday night, with the companies stating that the new group would be headquartered in Canada.

While the brand identities would remain separate, it is suggested that corporate services – such as marketing – could be shared between the two.

3G Capital, Burger King’s majority shareholder, would maintain overall control.