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China sovereign fund seeking control of US$8b Yum unit: sources

Temasek and Primavera Capital are separately vying for stakes in Yum China, they add

Published Tue, Apr 19, 2016 · 09:50 PM
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Hong Kong

CHINA wants to get control of the most popular fast-food chain in the country.

A consortium backed by sovereign fund China Investment Corp (CIC) has expressed interest in buying a majority stake in Yum! Brands Inc's China business, which runs more than 7,100 KFC and Pizza Hut eateries across the nation, people with knowledge of the matter said.

The investor group, which also includes KKR & Co and Baring Pr…

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