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Citic, Carlyle to buy stake in McDonald's China, HK businesses for $2.08 billion www.reuters.com
Citic Ltd (0267.HK) and Carlyle Group LP (CG.O) would buy a majority interest in McDonald's Corp's (MCD.N) mainland China and Hong Kong businesses for $2.08 billion, the companies said.
Citic Ltd and Citic Capital will have a stake of 52 percent, while Carlyle and McDonald's will own 28 percent and 20 percent, respectively in the businesses.
Reuters reported in December that McDonald's was looking to raise $1 billion to $2 billion with the sale of its China and Hong Kong stores.
(Reporting By Rushil Dutta in Bengaluru; Editing by Gopakumar Warrier)
Published Date:2017-01-09
