Berjaya Food (BFood) is taking full control of Berjaya Coffee Co (BStarbucks).

BFood is paying 279.5 million ringgit ($88.04 million) to Starbucks Coffee International Inc to acquire the remaining 50 per cent stake in BStarbucks, with 173 outlets across Malaysia.

“Upon completion of the proposed acquisition, BStarbucks will become 100 per cent owned subsidiary of BFood from a currently 50 per cent jointly-controlled entity,” said BFood in a statement.

BFood will have full control of the operations, as well as the cash flow of BStarbucks and greater control over its future strategies and directions, it says.