Processing timeline
12
days
Filed
18 May 2026
Decision Due
1 July 2026
Est decision date: 12 June 2026. Based on 4 decided Hospitality & Leisure notifications.
Acquirer
Restaurant Brands and Yum! Brands
Target
Taco Bell restaurants
Other parties
Restaurant Brands Australia Holdings Pty Ltd, Collins Restaurants Management Pty Ltd, QSR Pty Ltd, Gardiner Lane Capital, LLC, Collins Foods Limited, Yum! Brands, Inc., Restaurant Brands New Zealand Limited
Restaurant Brands New Zealand Limited and Yum! Brands, Inc. are forming a joint venture, Taco Ventures Pty Ltd, to acquire 29 Taco Bell restaurants. This includes 9 from Restaurant Brands' subsidiary QSR Pty Ltd and 20 from Collins Foods Subsidiary Pty Ltd. The transaction involves the takeaway food services industry, with Restaurant Brands controlling the joint venture.