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ThaiBev to buy KFC outlets in Thailand for 11.3b baht
Amount is for over 240 existing outlets; additional sum will be paid to Yum for restaurants under development
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Nisha Ramchandani
Published Tue, Aug 8, 2017 · 09:50 PM
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Singapore
THAI Beverage Public Company (ThaiBev) has agreed to buy over KFC outlets in Thailand, including some in the pipeline.
It intends to pay 11.3 billion baht (S$463 million) for existing outlets - totalling more than 240. An additional amount will be paid for outlets under development. The final consideration in both cases will be determined "at closing", said ThaiBev.
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