KKR reportedly reaches second bidding round for stake in Yum! China unit
May 20, 2016
Temasek and a group including KKR and China Investment Corporation have moved into a second round of bidding to buy a roughly 20% interest in the China business of Yum! Brands (NYSE: YUM), according to a Reuters report. The China unit of the fast-food chain owner is believed to be valued around $8 billion to $11 billion.