Yam Brands sells Pizza Hut for 2.7B

Yam Brands plans to sell Pizza Hut for $2.7 billion, as Long Rung Capital will purchase the overseas business for $1.5 billion, while Yam will acquire the Mainland China operations for approximately $1.2 billion. This move comes after a decline in sales and aims to position Pizza Hut better for future growth. The company expects to complete both transactions during the third quarter.

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