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Primavera Capital and Alibaba are going to buy significant stake of Yum (KFC and PizzaHut)

KFC and Pizza Hut owner Yum Brands Inc said Chinese investment firm Primavera Capital and an affiliate of Alibaba Group Holding Ltd will buy a stake in Yum China for $460 million (345.65 million pounds) as Yum prepares to spin off the business.

Read morePrimavera Capital and Alibaba are going to buy significant stake of Yum (KFC and PizzaHut)