Bidders balked on back of new investment terms.
The sale process for a stake in Yum! Brands Inc.’s China business, which operates KFC and Pizza Hut eateries in the country, has been delayed, people with knowledge of the matter said.
According to Bloomberg, potential bidders including Singapore state investment company Temasek Holdings Pte and Chinese private equity firm Primavera Capital Ltd missed a deadline earlier this month to submit offers for a minority stake in the business, the people said.
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