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Yum! Brands completes $1.2b sale of Pizza Hut China
The deal is one of two agreements to sell Pizza Hut businesses for $2.7b combined.
Yum! Brands has completed the sale of its Pizza Hut business in Mainland China to Yum China Holdings for $1.2b.
The deal is one of two previously announced agreements to sell Pizza Hut businesses for a combined $2.7b.
The total proceeds are subject to adjustments related to the sale of Pizza Hut operations outside Mainland China.
Yum! Brands’ separate agreement to sell its Pizza Hut business outside Mainland China to LongRange Capital remains on track to close this month, pending customary closing conditions, including required regulatory approvals.
