Yum Brands Sells Pizza Hut for $2.7B in Two-Part Deal
Yum Brands is offloading Pizza Hut for $2.7 billion in a two-part deal with LongRange Capital and Yum China to refocus on KFC and Taco Bell.
China
Blackstone Asia PE Fund Closes at Record $13.1B
Blackstone Capital Partners Asia III closed at $13.1 billion, topping its $10 billion target and more than doubling its predecessor.
China’s $885M Hong Kong Green Bond Debut Draws 10x Demand
China sold 6B yuan of sovereign green bonds in Hong Kong on May 28 — a 10x covered debut at 1.42% (3Y) and 1.56% (5Y).
EU Opens FSR Probe Into JD.com’s $2.5B Ceconomy Bid
Brussels launched an in-depth Foreign Subsidies Regulation probe into JD.com’s EUR2.2B/$2.5B takeover of MediaMarkt-Saturn parent Ceconomy AG.
Futu Plunges 27% on $271M China Penalty; Tiger Hit Too
Futu Holdings dropped 26.9% Friday after the CSRC proposed a ~$271M penalty for unlicensed mainland brokerage. Tiger Brokers fell 25.3% in sympathy.