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KFC owner Yum to sell its China stake

Yum in China, KFC, KKR

Yum hopes to rekindle its customers' appetites in China.


Yum Brands, the owner of KFC, Taco Bell and Pizza Hut, is in talks with KKR and other financial firms about the sale of a stake in its China business. The US firm could reportedly sell up to 20% of its Chinese operations, valuing the unit at about $10bn.

百胜餐饮集团作为肯德基、Teco Bell和必胜客的集团公司,与世界知名的产业投资机构KKR集团以及其他一些金融公司就其中国业务的股权出售进行谈判。这家美国公司据称可能出售其中国业务20%的股份,价值约100亿美元。

Last October, it announced plans to spin off and list its China division by the end of 2016. The shake-up is set to be the biggest since Yum was split from PepsiCo two decades ago.


However, talks are said to be in their early stages and a deal is not guaranteed.


"We continue to make good progress since we announced the transaction separating Yum and Yum China," a Yum spokesperson said in a statement.


"We will provide updates on the transaction at appropriate times and we won't comment on rumours or speculation."



Yum has an overall market value of $32bn, but gets more than half of its profits from the China business. However, its earnings from the mainland have been hit in recent years by a food safety scandal involving a meat supplier, as well as increased competition.


Shares of Yum rose by nearly 2% in US trading following the reports about the sale talks.



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