Takeover price for KFC owner Restaurant Brands 'solid', analysts say

Takeover price for KFC owner Restaurant Brands 'solid', analysts say
Finaccess paid $9.45 a share for 75% of the company six years ago. (Image: NZME)
Gregor Thompson
Analysts like the price cited in Finaccess Restauración's notice to acquire fast-food retailer Restaurants Brands in full.Restaurant Brands disclosed on Tuesday that majority stakeholder Finaccess Restauración, a subsidiary of Grupo Finaccess, had filed a takeover notice to buy the fast-food retailer at $5.05 per share.The price values the company at about $630 million, which would result in Finaccess buying the remaining 25% of the company for about $157m.“From our perspective, that's a solid offer,” Craigs In...

More Retail

Finaccess bids to bucket KFC-owner Restaurant Brands
Retail

Finaccess bids to bucket KFC-owner Restaurant Brands

Finaccess Restauración wants the rest of the shares at $5.05 apiece.

Gregor Thompson 30 Sep 2025
Ikea eligible for tax break under Govt’s Investment Boost scheme
Retail

Ikea eligible for tax break under Govt’s Investment Boost scheme

Ikea’s first New Zealand store, valued in the hundreds of millions of dollars, will be eligible for the Government’s “Investment Boost” tax deduction, despite being mostly built before the programme began.Construction of the store began in June 2023.Investment boost was the centr...

Staff reporters 29 Sep 2025
Hallenstein Glasson reports sales hike to start year
Retail

Hallenstein Glasson reports sales hike to start year

Hallenstein Glasson has reported an early-year sales lift linked to continued growth in its Australian Glassons segment.The clothing retailer reported its full-year earnings for the year to Aug 1 on Friday. Net profit after tax lifted 12.1% to $58.4 million and was at the top end...

Gregor Thompson 26 Sep 2025