| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 2 October 2025 |
| Pathway | Significant business assets |
| Investment | Acquisition of up to 100% of the shares in Restaurant Brands New Zealand Limited |
| Consideration | Up to $157.38 million [1] |
| Applicant | Finaccess Restauración, S.L. Mexico 42% Spain 32% Argentina 9% Switzerland 8% Uruguay 6% United Kingdom 3% |
| Vendors | Non-Finaccess Restauración, S.L. Shareholders of Restaurant Brands New Zealand Limited [2] New Zealand 78% Australia 15% Various 7% |
| Background | The Applicant is part of the Finaccess group of companies, ultimately owned by Mexican businessman, Carlos Fernandez Gonzalez. The Applicant intends to acquire the remaining 24.98% of the shares it does not currently hold in Restaurant Brands New Zealand Limited pursuant to a full takeover offer under the Takeovers Code. Restaurant Brands New Zealand Limited is a New Zealand Stock Exchange and Australian Stock Exchange listed company. It is a corporate franchisee specialising in managing multi-site branded food retail operations across New Zealand, Australia and the US. Consent was granted as the Applicant met the investor test criterion. |
| More information | Glenn Shewan Bell Gully (Auckland) PO Box 4199 Auckland 1140 |
| Footnotes | [1] The maximum amount payable as the offer price per share was $5.05. [2] Representing the 24.98% of the shares the Applicant does not already own. |