Brief News: YUM CHINA plans to acquire the operator of KFC and Pizza Hut in Hong Kong, Macau, and Taiwan
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YUM China Holdings, Inc. and The Carlyle Group intend to acquire the restaurant business under Jardine Matheson, primarily operating KFC and Pizza Hut in the Hong Kong, Macau, and Taiwan regions. The business is valued at approximately $400 million, operating around 1,000 stores, with an annual EBITDA of about $35 million to $40 million. Non-binding bids will close this week, with other bidders including Uni-President Enterprises and several private equity firms
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