Tuesday, March 18, 2025 | 06:16 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Citic, Carlyle to buy stake in McDonald's China, Hong Kong businesses for $2.08 billion

Image

Reuters

(Reuters) - Chinese conglomerate Citic Group Corp and Carlyle Group LP would buy a majority interest in McDonald's Corp's mainland China and Hong Kong businesses for $2.08 billion, the companies said.

Citic 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)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 09 2017 | 11:18 AM IST

Explore News