YUM · News · 20260806N

Acquisition / Partnership / Divestiture

YUM BRANDS INC · 2026-08-06 · 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

• The CNH 8.4 billion bridge loan bears interest at CNH HIBOR plus a margin, with an estimated annual interest of about 2%, and matures within 180 to 364 days. source