No takeaway for QSR bidders
The brief flurry of excitement around the majority stake in Malaysian integrated food services business QSR Brands Bhd held by palm oil and plantation giant Kulim ended without result, when Kulim announced that it intended to hold on to the division.
This concluded a process that pulled in the Carlyle Group, CVC Capital Partners Asia Pacific, and even perhaps Kohlberg Kravis Roberts & Co., all of them apparently looking to pay some MYR1.94 billion...
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