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McDonald's unloads China business - Business Insider

2017-01-09 businessinsider
A woman walks past a McDonald's outlet in Hong Kong in this July 25, 2014 file photo. REUTERS/Tyrone Siu

McDonald's sells most of China, HK business to CITIC, Carlyle for US$2.1 billion

2017-01-09 channelnewsasia
HONG KONG: McDonald's Corp has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd and Carlyle Group LP for up to US$2.1 billion, seeking to expand rapidly without using much of its own capital.

McDonald’s Sells Control of China Business to Citic, Carlyle - Bloomberg

2017-01-09 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

McDonald’s Said to Sign Deal Monday on China Franchise Sale - Bloomberg

2017-01-09 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

McDonald's to keep up to 25 percent stake in China, Hong Kong stores - source

2016-12-06 in.reuters
HONG KONG McDonald's Corp is looking to raise $1 billion to $2 billion with the sale of its China and Hong Kong stores after the U.S. fast-food chain decided to keep "a significant minority stake in the business," a person with direct knowledge of the plans said on Tuesday.

McDonald's to keep up to 25% stake in China, HK stores: Source

2016-12-06 channelnewsasia
HONG KONG: McDonald's Corp is looking to raise US$1 billion to US$2 billion with the sale of its China and Hong Kong stores after the US fast-food chain decided to keep "a significant minority stake in the business," a person with direct knowledge of the plans said on Tuesday (Dec 6).

McDonald's to keep up to 25% stake in China, HK stores - source

2016-12-06 theedgemarkets
HONG KONG (Dec 6): McDonald's Corp is looking to raise US$1 billion to US$2 billion with the sale of its China and Hong Kong stores after the US fast-food chain decided to keep "a significant minority stake in the business," a person with direct knowledge of the plans said on Tuesday.

Exclusive: McDonald's to keep minority stake in China, Hong Kong stores - source

2016-12-06 channelnewsasia
HONG KONG: McDonald's Corp is looking to raise US$1 billion to US$2 billion with the sale of its China and Hong Kong stores after the U.S. fast-food chain decided to keep "a significant minority stake in the business," a person with direct knowledge of the plans said on Tuesday.

Carlyle, Bain to battle for McDonald's China assets as TPG pulls out

2016-10-27 reuters
HONG KONG Carlyle Group LP (CG.O) and Bain Capital LLC are the only major global buyout firms left bidding for McDonald's Corp's (MCD.N) restaurants in China and Hong Kong after TPG Capital Management LP [TPG.UL] pulled out, people close to the matter said on Thursday.

Carlyle, Bain to battle for McDonald's China assets as TPG pulls out

2016-10-27 channelnewsasia
HONG KONG: Carlyle Group LP and Bain Capital LLC are the only major global buyout firms left bidding for McDonald's Corp's restaurants in China and Hong Kong after TPG Capital Management LP pulled out, people close to the matter said on Thursday.

McDonald's Follows Yum Brands, Prepares China Exit

2016-09-19 seekingalpha
McDonald's (NYSE:MCD) is finalizing a sale of the right to operate its China and Hong Kong restaurants. Prompted by stagnating market share and an increasingly challenging operating environment, the move allows McDonald's to keep a presence in China without the burden of ownership.

McDonald's Said to Get 3 Final Bids for Its China Restaurants

2016-09-15 fortune
Fast-food giant McDonald’s Corp has received final offers from at least three bidding groups for its China and Hong Kong outlets, with global private equity firms Carlyle Group and TPG Capital teaming up with Chinese partners for the business worth up to $3 billion, sources told Reuters.

McDonald's gets final bids for N.Asia outlets -sources

2016-09-15 theedgemarkets
HONG KONG (Sept 15): Fast-food giant McDonald's Corp has received final bids from at least three groups for its China and Hong Kong outlets, with global private equity firms Carlyle Group and TPG Capital separately teaming up with Chinese partners for the business worth up to US$3 billion, sources told Reuters.

McDonald's gets final bids for North Asia outlets: sources

2016-09-15 channelnewsasia
HONG KONG: Fast-food giant McDonald's Corp has received final bids from at least three groups for its China and Hong Kong outlets, with global private equity firms Carlyle Group and TPG Capital separately teaming up with Chinese partners for the business worth up to US$3 billion, sources told Reuters.

McDonald’s said to get final bids for North Asia stores

2016-09-15 themalaymailonline
Customers stand outside of a McDonald's store in downtown Shanghai July 31, 2014. — Reuters picHONG KONG, Sept 15 — Fast-food giant McDonald's Corp has received final offers from at least three bidding groups for its China and Hong Kong outlets, with global private equity firms Carlyle Group and TPG Capital teaming up with Chinese partners for the business worth up to US$3 billion (RM12.4 billion), sources told Reuters.