Thursday, June 17, 2010

Yum Brands to buy Russia's Rostik's-KFC

Rostik's-KFC is a 161-store quick service restaurant chain owned by Yum and Rostik Group -- a company which also controls Russia's biggest restaurant chain Rosinter (ROST.MM).

Valeriya Silina, a spokeswoman for Rosinter, said the deal was part of a 2005 agreement under which Yum had an option to buy the restaurant chain by June 7.

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