Deals
KKR, Chinese Sovereign Fund Said to Study Yum! China Investment
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KKR & Co. and sovereign fund China Investment Corp. are among potential suitors studying investments in Yum! Brands Inc.’s Chinese business, people with knowledge of the matter said.
Baring Private Equity Asia is also exploring a potential minority stake purchase, and the three funds may decide to team up for a joint investment, according to the people. Yum is considering the sale of a 20 percent holding in its Chinese business, which could value the unit at about $10 billion, the people said, asking not to be identified as the information is private.