News
LEGAL | Staff Reporter, China
view(s)

Yum China reportedly turns down private buyout offer

The offer is said to be the largest take-private in Asia if the food operator accepted.

Yum China rejected a private buyout offer from a consortium led by the investment firm Hillhouse Capital Group who valued the company at around $17 billion, Wall Street Journal has reported.

The consortium, which included KKR & Co., Baring Private Equity Asia and China Investment Corp., had been attempting to take Yum China private at USD$46 a share.

The food operator currently owns around 8,200 KFC, Pizza Hut and Taco Bell brands in China.
 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.