Carlyle Group to acquire KFC Korea for over 200 billion won - report

Investing.com -- Carlyle Group has signed a stock purchase agreement with Orchestra PE to acquire 100% of KFC Korea, according to a report from Korea Economic Daily on Friday.

The acquisition is valued in the low 200 billion won range, according to unidentified sources in the investment banking industry cited by the publication.

The deal will give Carlyle Group complete ownership of the fast food chain’s operations in South Korea, following the stock purchase agreement with current owner Orchestra PE.

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