CIC, KKR Consortium Said to Withdraw Bid for Yum! Brands Unit

  • Bidding group said unable to agree on price with Yum
  • CIC consortium said concerned with unit’s slowing growth

A consortium backed by sovereign fund China Investment Corp. has withdrawn its bid for control of Yum! Brands Inc.’s Chinese business after failing to agree on a price with the operator of KFC and Pizza Hut eateries in the nation, a person with knowledge of the matter said.

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