Yum Brands May Sell a Chunk of its China Business

Yum Brands yum is in talks with private equity company KKR kkr and others about a possible sale of a nearly 20% stake in its China business, the Wall Street Journal reported, citing people familiar with the matter.

The stake values the China business at about $10 billion, the report said.

Shares of the owner of the KFC and Pizza Hut chains were up 1.9% at $80.43 in early afternoon trading on Wednesday.

The...

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