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Restaurant Brands New Zealand: Receives approval for KFC franchise purchase

  • Restaurant Brands New Zealand (RBD) has received the green tick from KFC and Taco Bell for the purchase of 69 stores in the United States
  • Late last year, the company announced it was going to purchase 70 stores in California but now
  • The company said it will purchase 69 stores of the KFC franchise
  • The agreement was conditional on consent from KFC and Taco Bell to proceed with the purchase
  • RBD says it is expecting settlement to occur by September 2
  • Company shares last traded for $8.80 on August 5, 2019
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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