McDonald’s Sells Most of China, HK Business To CITIC, Carlyle For $2.1 Billion
McDonald’s Corp (MCD. N) has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd (0267.HK) and Carlyle Group LP (CG.O) for up to $2.1 billion, seeking to expand rapidly without using much of its own capital. The 20-year deal caps months of negotiations between the fast-food chain, … Read more