FRANCHISE HERALD
Thursday August 17, 2017

updated - August 17, 2017 Thursday EDT

McDonald's selling off most of its China business in a deal worth as much as $2.1 billion

Jan 09, 2017 11:56 AM EST
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McDonald's selling off most of its China business in a deal worth as much as $2.1 billion
McDonald's selling off most of its China business in a deal worth as much as $2.1 billion
McDonald's selling off most of its China business in a deal worth as much as $2.1 billion(Photo : creative common)

McDonald's selling off most of its China business in a deal worth as much as $2.1 billion

Citic, a massive Chinese financial firm, is taking the majority stake in McDonald's (MCD) operations in mainland China and Hong Kong.

U.S. private equity giant The Carlyle Group, is also buying into the investment combo, taking a 28% stake. McDonald's will hold the remaining 20% of the business.

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