Despite Offers, Johor Decides Not to Sell QSR Brands

Despite unsolicited bids from buyout shops CVC and the Carlyle Group, Malaysia's Johor Corp. will not sell its indirect subsidiaries QSR Brands and KFC Holdings, Reuters reported. Malaysian businessman Halim Saad had joined CVC Group in a bid, which was later topped by a $618.8 million offer from the Carlyle Group.

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