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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.
