CITIC Capital, Carlyle join $2.1b deal for McDonald's China
The Hong Kong-listed arm of Chinese conglomerate CITIC Group, CITIC Capital and The Carlyle Group will take majority ownership of the McDonald’s business in mainland China and Hong Kong as the US fast food chain seeks to franchise out most of its restaurants in the region.
A newly-formed company, Grand Foods Holdings, will pay up to $2.08 billion - including equity and debt - for the master franchise rights to McDonald's in mainland China and Hong Kong for a term of 20 years....
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