Restaurant Brands New Zealand Limited
Transaction Type: Takeover (Full)
Offeror: Finaccess Restauración, S.L.
Independent Adviser(s): Calibre Partners Limited
Offer commencement date: 14/10/2025
Offer closing date: 25/11/2025
On 14 October 2025, Finaccess Restauración, S.L. (Finaccess) made an unconditional takeover offer for all of the fully paid ordinary shares in Restaurant Brands New Zealand Limited (Restaurant Brands) that it did not already own, for consideration of $5.05 per share (the Offer). Prior to the Offer, Finaccess held 75.02% of the shares in Restaurant Brands.
Restaurant Brands released its Target Company Statement on 28 October 2025, recommending that shareholders accept the Offer. Calibre Partners Limited prepared the independent adviser’s report required under rule 21 and assessed the valuation range of $5.24 to $6.20 per share.
On 6 November 2025, Finaccess received acceptances for more than 90% of Restaurant Brands’ shares. The Offer closed on 25 November 2025, after which Restaurant Brands compulsorily acquired the outstanding shares for the same consideration of $5.05 per share. Trading in Restaurant Brands was subsequently halted and suspended.
On 5 December 2025, Restaurant Brands was delisted from the NZX.
