China's Hillhouse-backed consortium said to drop buyout plan of Yum China

China's Hillhouse-backed consortium said to drop buyout plan of Yum China

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

A Chinese consortium including Hillhouse Capital is planning to drop its pursuit of a takeover of Yum China Holdings Inc, the $14 billion operator of KFC restaurants in the world’s most populous nation, people with knowledge of the matter said.

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