CIC, KKR Consortium Said to Withdraw Bid for Yum! Brands UnitBy
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 has withdrawn its bid for control of Yum!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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.