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Yum Brands Sells $460m Stake in China Business Ahead of Spin-Off

Yum Brands Sells $460m Stake in China Business Ahead of Spin-Off

Yum Brands will spin off its China business in a New York Stock Exchange listing while also selling a $460m stake in the operations to China-based private equity fund Primavera Capital Group and Ant Financial Services Group, a subsidiary of Alibaba. ...

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