ACC in for finger-lickin’ $10m windfall from KFC takeover

ACC in for finger-lickin’ $10m windfall from KFC takeover
ACC bought five million Restaurant Brands in the past two months. (Image: Alex Burton)
Gregor Thompson
The Accident Compensation Corporation’s investment fund stands to make a handy short-term return if the Restaurant Brands takeover goes ahead.Restaurant Brands disclosed on Tuesday that majority stakeholder Finaccess Restauración, a subsidiary of Grupo Finaccess, filed a takeover notice to buy the fast-food retailer at $5.05 per share – a 71% premium to the pre-offer price of $2.96.In the lead-up to the announcement, the Accident Compensation Corporation (ACC) investment fund significantly increased its holding.If Finaccess p...

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