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McDonald's sells its China business in $2bn deal — RT Business
- Fast food giant McDonald's has agreed to sell the controlling stake in its China and Hong Kong business to state-owned Chinese conglomerate Citic and US private equity firm Carlyle Group.
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McDonald's unloads China business
- HONG KONG — McDonald's Corp. has agreed to sell the bulk of its China and Hong Kong business to the state-backed conglomerate Citic Ltd and Carlyle Group LP for up to $2.1 billion, seeking to expand rapidly without using much of its own capital.
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McDonald's sells China business in deal worth up to $2.1 billion
- McDonald's has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC and Carlyle Group for up to $2.1 billion, seeking to expand rapidly without using much of its own capital.
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