Temasek, CIC, KKR said to be in 2nd round of Yum China stake sale
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New York
SINGAPORE investment company Temasek Holdings and a consortium that includes China Investment Corp (CIC) and KKR & Co have advanced to a second round of bidding for a minority stake in Yum Brands Inc's China unit, people familiar with the matter have told Reuters.
Another private equity-backed consortium has also moved into the second round, the people said, although its identity could not be immediately confirmed.
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