China's sovereign wealth fund backs $13b takeover of Yum China

China's sovereign wealth fund backs $13b takeover of Yum China

Pedestrians walk past Yum! Brands Inc. Pizza Hut and KFC restaurants in Shanghai, China. Photographer:Qilai Shen/Bloomberg

China Investment Corp. is backing a potential takeover of Yum China Holdings Inc., which runs KFC and Pizza Hut outlets in the world’s most populous nation, people with knowledge of the matter said.

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