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Yum Brands' KFC to acquire 218 restaurants from EG Group in UK, Ireland

Published 12/06/2023, 06:35 AM
Updated 12/06/2023, 10:28 AM
© Reuters. A KFC fast food restaurant, which is owned by Yum Brands Inc, is pictured ahead of their company results in Pasadena, California, U.S., July 11, 2016. REUTERS/Mario Anzuoni/File Photo
YUM
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(Reuters) - Yum Brands' KFC on Wednesday said it will acquire 218 restaurants from its largest franchisee EG Group in the UK and Ireland.

Once the deal is complete, all of the privately-owned EG Group's KFC UK and Ireland businesses will come under Yum's KFC UK and Ireland management.

© Reuters. A KFC fast food restaurant, which is owned by Yum Brands Inc, is pictured ahead of their company results in Pasadena, California, U.S., July 11, 2016. REUTERS/Mario Anzuoni/File Photo

The fast-food chain operator said it expects to finalise the transaction by the end of the first half of 2024.

It did not disclose financial terms of the deal.

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