Restaurant Brands currently operates 61 KFC restaurants in Australia. Credit: Bidgee.

Restaurant Brands New Zealand is in active discussions with Finaccess Capital and its principal franchisor Yum! Brands on the proposed sale of a 75% stake in the company’s shares.

Restaurant Brands is currently evaluating its relative merits and expects to announce a final outcome before the end of this month.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Restaurant Brands received a non-binding indicative proposal from Finaccess Capital for the acquisition through a partial takeover offer at NZD9.45 ($6.37) cash per share on 18 October this year.

In a statement submitted to the ASX, the Restaurant Brands board said: “At this stage, there is still no guarantee that [an] agreement will be reached or that Finaccess will advance the proposal to the point where a takeover notice is issued.

“The company completed the sale of the fixed assets and stock of its Starbucks coffee business to Tahua Capital for around $4.4m.”

“The board of Restaurant Brands continues to recommend that shareholders do not take any action in respect of the proposal unless and until Finaccess proceeds with a formal takeover offer and shareholders receive Restaurant Brands’ Target Company Statement in response to that takeover offer.”

Finaccess holds a controlling interest in AmRest Holdings, which operates KFC, Pizza Hut, Burger King and Starbucks branded outlets and several owned brands across Europe and China.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Restaurant Brands currently operates around 300 stores including 94 KFC New Zealand, 61 KFC Australia, 36 Pizza Hut New Zealand, 19 Carl’s Jr., 37 Taco Bell Hawaii and 45 Pizza Hut Hawaii stores.

Last month, the company completed the sale of the fixed assets and stock of its Starbucks coffee business to Tahua Capital for around $4.4m.

Restaurant Brands New Zealand currently employs more than 9,000 associates across New Zealand, Australia and Hawaii to serve 120,000 customers every day.