Refreshment focuses on the water dispenser/cooler, office coffee service and vending sectors, while also taking an in-depth look into products for vending from bottled water and drinks, to snacks and confectionery. It also focuses on hydration, health and wellness, new technologies and environmental and social responsibility issues.
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Yum Brands has completed the sale of its Pizza Hut business in Mainland China to Yum China Holdings for $1.2 billion.
The transaction forms part of Yum Brands’ previously announced plans to sell Pizza Hut through two separate agreements, valued at an aggregate $2.7 billion. The final total remains subject to certain purchase price adjustments relating to the sale of the business outside Mainland China.
The second agreement will see private equity firm LongRange Capital acquire Pizza Hut’s operations in markets outside Mainland China.
Yum Brands said the LongRange transaction remains on track to close this month, subject to customary closing conditions and the receipt of required regulatory approvals.
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