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Yum! Brands Completes $1.5B Sale of Pizza Hut Operations Outside China

Yum! Brands logoYum! Brands
Sig3.30Sen+2.77Env0.00Soc-0.40Gov+0.83

Yum! Brands completed the sale of Pizza Hut operations outside Mainland China to LongRange Capital for about $1.5 billion, with potential $75 million in earn-out and subject to purchase price adjustments. The deal follows Yum!’s earlier sale of Pizza Hut China to Yum China Holdings, bringing total Pizza Hut divestiture value to about $2.7 billion.

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