Private equity group Carlyle and Yum China are among several bidders competing to acquire Jardine Matheson’s restaurant business across parts of Asia, in a deal that could value the assets at around $400m, according to a report by Reuters, citing unnamed people familiar with the process.
The portfolio includes KFC and Pizza Hut operations in markets such as Hong Kong, Taiwan, Myanmar, Vietnam and Macau, as well as the PHD pizza takeaway brand. In total, the network spans roughly 1,000 outlets an...
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