, China

China sovereign fund bids for USD 8b Yum unit: Bloomberg

The unit operates over 7,100 KFC, Pizza Hut outlets.

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.

Read the full report here.

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