LONDON (dpa-AFX) - Yum! Brands, Inc. (YUM), a global franchiser of quick
service restaurants, Wednesday announced that its KFC division has agreed to buy
more than 200 KFC restaurants from EG Group, the company's largest KFC
franchisee in the UK and Ireland.

The financial details of the deal have not been divulged.

The transaction is expected to accelerate KFC's growth strategy in the large and
growing UK and Ireland chicken market, with high average unit volumes and robust
margins.

KFC UK and Ireland sales were up 7 percent and same-store sales up 5 percent
across its 1,040 restaurants according to the company.

Upon completion of the acquisition, EG's KFC UK and Ireland business which
consists of more than half of drive-thrus and 7,800 team members will come under
KFC UK and Ireland management.

Yum! expects finalizing the transaction by the end of the first half of 2024
that will be funded with the available cash. The acquisition will not have any
impact on Yum!'s 2024 financial results.

On Tuesday, Yum! Brands shares closed at $124.38, down 1.01% on the New York
Stock Exchange.



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