Canada pension fund to invest 300 bln won into fried chicken franchise BHC
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19:01 December 16, 2020
SEOUL, Dec. 16 (Yonhap) -- Canada Pension Plan Investment Board (CPPIB) plans to invest 300 billion won (US$275 million) into BHC Co., a fried chicken franchise operator in South Korea, an industry source said Wednesday.
CPPIB, Canada's biggest pension fund, is scheduled to sign a contract with BHC to become one of the new investors for the Korean firm, according to the source.
BHC saw sales grow 34 percent on-year to 318.6 billion won in 2019, and its operating profit jumped 62 percent on-year to 97 billion won last year.
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