10:28 AM EDT, 05/20/2024 (MT Newswires) -- Carlyle Group's ( CG ) unit, the Carlyle Fund, has acquired Mitsubishi Corporation's 35% stake of all outstanding shares of Japan KFC, Mitsubishi said Monday, following a public tender offer.

Financial details of the acquisition weren't disclosed.

After settlement of the sale agreed to by Mitsubishi, Japan KFC will become a wholly-owned subsidiary of the Carlyle Fund, Mitsubishi said.

Carlyle did not immediately respond to MT Newswires' request for comment.

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