Yum Brands Inc. might sell a 20-percent stake in its China operations as part of an upcoming spin-off, the Wall Street Journal reported Wednesday. According to the report, Yum is in talks with private-equity groups in the hope of selling a 19.9-percent stake in the business to avoid a tax bill in the upcoming spinoff and potentially add China know-how to the operation. The Wall Street Journal said the business could be worth close to $10 billion. “We continue to make good ...

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