YUM · News · 20260805N

Acquisition / Partnership / Divestiture

YUM BRANDS INC · 2026-08-05 · Importance 71 · Surprise 60

Yum Brands completed the sale of Pizza Hut in Mainland China to Yum China Holdings for $1.2 billion on August 7, 2026. The transaction is one of two agreements totaling $2.7 billion, with LongRange Capital acquiring Pizza Hut operations outside Mainland China for $1.5 billion. The remaining transaction was expected to close in August 2026, subject to customary conditions and regulatory approvals. Yum Brands expects approximately $2.3 billion of net proceeds for debt repayment and share repurchases, including under its $4 billion repurchase authorization.

Key facts

• Yum! Brands announced definitive agreements to divest Pizza Hut (ex-China and China) with closing expected in August 2026. source