Yum! Brands reportedly explores sale of stake in China division
March 24, 2016
Yum! Brands (NYSE: YUM) is reportedly exploring the sale of a roughly 20% stake in its China division, valuing the division at around $10 billion. KKR and Baring Private Equity Asia are rumored to be among the interested buyers. Yum!, which owns KFC, Pizza Hut and Taco Bell, announced its intention last October to separate the China division into an independent company.