US restaurant group Yum Brands is in exclusive negotiations to sell its Pizza Hut business to private equity firm LongRange Capital, according to a report by Reuters citing an unnamed source familiar with the discussions.
The talks are reported to be progressing toward a potential agreement within weeks, although no deal has been finalised and completion remains uncertain.
The proposed transaction would mark a further step in Yum Brands’ strategic review of Pizza Hut, a unit that has lagged its...
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