KUALA LUMPUR: Johor Corp (JCorp) and CVC Capital Partners, a global private equity firm, are offering to privatise KFC Holdings (M) Bhd and parent QSR Brands Bhd at an estimated RM5.24bil or RM4 per KFC share and RM6.80 per QSR share.
The exercise would be conducted through a special purpose vehicle, Massive Equity Sdn Bhd, with CVC eventually holding a 49% stake in both businesses that operate more than 900 KFC and Pizza Hut fast food outlets in South-East Asia and India.
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