CVC Moves Ahead with KFC, QSR Deal

Malaysian fastfood chain operators KFC Holdings Bhd and QSR Brands Bhd have agreed to accept a takeover offer from CVC Capital Partners and a state investment arm, Reuters wrote Wedesnday. London-based CVC Capital and Malaysia's investment arm for the state of Johor had earlier offered 5.24 billion ringgit ($1.65 billion) to buy KFC and QSR.

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