Thai Beverage to acquire KFC stores in Thailand for $462 mil

SINGAPORE (Aug 8): Thai Beverage says subsidiary, The QSR of Asia, has agreed to acquire more than 240 existing KFC stores as well as a number of developing KFC stores from Yum Restaurants International (Thailand).

The preliminary consideration for the existing KFC stores is about 11.3 billion baht ($462 million), which includes VAT, and an additional amount of consideration for the other developing KFC stores which will be determined at closing.

KFC has been in Thailand for more than 30 years, with the fastest pace of store growth in the last five years.

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