LEGAL | Staff Reporter, 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.

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