The photo shows logos of US fast food chain KFC and Pizza Hut, both owned by Yum Brands. [Photo: 163.com]

China's sovereign wealth fund, China Investment Corporation, is reportedly behind a group of investors who have interest in taking over Yum Brands' China unit.

The purchase is said to be in a range of between 7 to 8 billion US dollars.

Apart from the Chinese sovereign fund, the consortium also includes KKR and Baring Private Equity Asia.

This comes as Yum Brands, owner of both KFC and Pizza Hut, plans to spin off its 69-hundred restaurants in China by the end of this year.

These restaurants account for around half of Yum's total sales worldwide.

Yum China is also reportedly looking at a separate listing on either the New York or Hong Kong stock exchanges.

This comes as McDonald's reportedly looks toward private equity firms for its planned sale of 28-hundred of its restaurants in North Asia.