QSR Brands Turns Away PE Firms

After entertaining bids from The Carlyle Group and from Idaman Saga, an entity backed by buyout fund CVC, Malaysia’s Kulim has turned down all offers for QSR Brands, which owns the lucrative KFC and Pizza Hut franchise in Malaysia, Reuters reported. Kulim is a majority shareholder in QSR Brands. Shares in QSR fell roughly 11% Tuesday, a day after the news was released.

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