Pursuits
China Sovereign Fund to Seek Control of $8 Billion Yum Unit
- CIC, KKR, Baring group interested in China's biggest chain
- Local restaurant operators trail Yum's foreign brands
China Sovereign Fund Said to Seek Control of Yum Unit
This article is for subscribers only.
China wants to get control of the most popular fast-food chain in the country.
A consortium backed by sovereign fund China Investment Corp. has expressed interest in buying a majority stake in Yum! Brands Inc.’s China business, which runs more than 7,100 KFC and Pizza Hut eateries across the nation, people with knowledge of the matter said.