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China Sovereign Fund to Seek Control of $8 Billion Yum Unit

CIC, KKR, Baring group interested in China's biggest chain
Local restaurant operators trail Yum's foreign brands

Bloomberg business news — China Sovereign Fund Said to Seek Control of Yum Unit

By

Jonathan Browning,

April 19, 2016, 1:53 AM UTCUpdated onApril 19, 2016, 1:57 PM UTC

China wants to get control of the most popular fast-food chain 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.