Pizza Hut Sold for $1.5B to Private Equity Firm

5:14 PM ETDeveloping

Business Desk

PIZZA HUT PRODUCTS IN CHINA (2) — Photo: Dinkun Chen / Wikimedia Commons (CC BY-SA 4.0)

Brands, the parent company of KFC, Taco Bell and Pizza Hut, has completed its $1.5 billion sale of Pizza Hut’s operations outside mainland China to private equity firm LongRange Capital, ending its nearly 30-year ownership of the pizza chain, the companies said Tuesday.

What's confirmed

What's still developing

Brands, the parent company of KFC, Taco Bell and Pizza Hut, has completed its $1.5 billion sale of Pizza Hut’s operations outside mainland China to private equity firm LongRange Capital, ending its nearly 30-year…

Sources

The Independentlink