JCorp and CVC are reportedly exploring a sale of QSR Brands, with potential buyers said to be weighing a RM4 billion asking price.
Key takeaways
QSR Brands (M) Holdings Bhd, owned by JCorp and CVC Capital Partners, is considering selling its KFC and Pizza Hut operations for about RM4 billion, with Citi managing the process and potential West Asian investors in play.
- Sale of KFC and Pizza Hut businesses valued at ~RM4 billion is being explored by JCorp and CVC Capital Partners.
- Citi is appointed to manage the sale and identify potential buyers, including West Asian investors.
- Negotiations are early; a high valuation caused one buyer to withdraw, and a deal is not yet confirmed.
Summarised automatically by AI from the original article by The Rakyat Post. AI can make mistakes, so check the original for details.
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If you had RM4 billion to invest, would you put your money into KFC and Pizza Hut?
That could be the price tag attached to the fast-food businesses operated by QSR Brands (M) Holdings Bhd, as its major shareholders Johor Corporation (JCorp) and private equity firm CVC Capital Partners reportedly explore a possible sale.
According to a news report, sources familiar with the matter said that international investment bank Citi had been appointed to manage the process and approach potential investors.
