Carlyle and Yum China Seek Jardines KFC and Pizza Hut Units
Carlyle and Yum China are bidding for Jardines' KFC and Pizza Hut units in Asia. The $400 million deal comes as the firm reallocates capital to core assets.
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CARLYLE GROUP INC/THE and YUM CHINA HOLDINGS INC are bidding for Jardine Matheson's Asian restaurant unit for approximately $400 million. The unit operates 1,000 KFC and Pizza Hut locations across Hong Kong, Taiwan, and Southeast Asia. The sale allows Jardines to reallocate capital to core businesses following a $4.2 billion hotel acquisition in January.
