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YUM CHINA, Carlyle Said to Vie for Jardine's KFC/ Pizza Hut Chains in HK/ TW
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Carlyle Group and YUM CHINA (09987.HK) are wrestling for Jardine Matheson's Jardine Restaurant Group, which holds KFC, Pizza Hut and PHD chains in Hong Kong, Taiwan and other Asian markets, Reuters reported, quoting people with the knowledge of the matter. The transaction amount may approximate USD400 million. The deal has also reportedly attracted interest from Taiwan's Uni-President Group and other private equity firms. Non-binding bids for Jardine Restaurant Group are due by the end of this week. Headquartered in Hong Kong, Jardine Restaurant Group operates about 1,000 KFC and Pizza Hut outlets in Hong Kong, Macau, Myanmar, Taiwan and Vietnam, employing around 25,000 staff. The overall business records EBTIDA of about USD35-40 million. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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