Taiwanese food co. Uni-President in talks to acquire KFC, Pizza Hut restaurant chains across Asia

Taiwanese food group Uni-President Enterprises is in advanced negotiations to acquire the restaurant business of Jardine Matheson, which operates the KFC and Pizza Hut chains across Asia. The transaction is expected to value the business at approximately USD 400-M. A potential agreement could be finalized before the end of the year.Jardine Restaurant Group serves as the primary entity for these franchise operations. The potential deal is part of a broader corporate interest in the assets, with parties such as Carlyle Group and Yum China having previously expressed interest in the business earlier this year.