| A group of investors comprising sovereign wealth fund China Investment Corp (CIC), KKR & Co and Baring Private Equity Asia is in talks to buy controlling stake in Yum Brands Inc's China unit, people familiar with the matter said.
Yum Brands, owner of the Pizza Hut and KFC fast food chains, plans to spin off its 6,900 China restaurants by the end of 2016. The China unit accounts for about half of its parent's total sales and is valued at about US$10 billion, based on its core earnings, bankers and analysts estimate...............................................Full Article: Source
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