Brussels, 11/10/2002 (Agence Europe) - The European Commission has cleared the proposed acquisition of US-based fast-food chain Burger King Corp by US investors TPG Advisors III, Goldman Sachs Group and the Bain Capital Fund VII. Burger King is currently a wholly owned indirect subsidiary of UK-based beverages group Diageo PLC with more than 10,000 franchised or company-owned restaurants. The Commission examined whether the purchasers already had interests in the sector. Bain Capital does in fact have interests in the same sector since it acts as the ultimate general partner of a private equity fund "Bain VI", which retains an interest in pizza home-delivery company Domino's, which translates into overlapping activities in a number of Member States (Denmark, Germany, Ireland, The Netherlands, Spain and the United Kingdom). However, the parties' combined share of sales remains below 15% in all cases and the Commission believes that Burger king will still face stiff competition from Mc Donald's, Quick, KFC and Pizza Hut, in addition to various national quick-service restaurants.