, Australia

China Sovereign Fund to seek control of $8 billion Yum Unit: Bloomberg

China is looking to take control of the unit which operates over 7,100 KFC, Pizza Hut outlets 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.

Read the full report here.

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