Home GRASP GRASP/China Citic, Carlyle pay US$2.08b for McDonald’s Hong Kong, China franchises

Citic, Carlyle pay US$2.08b for McDonald’s Hong Kong, China franchises

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NewsHubMcDonald’s Corp. said it will sell 80 per cent of its fast-food restaurant business in Hong Kong and mainland China in a deal valued at HK$16.14 billion (US$2.08 billion) to the largest Chinese international trust company and US private equity firm Carlyle Group. After the cash-and-shares transaction, CITIC and CITIC Capital will own a 51 per cent controlling stake, while Carlyle will own 28 per cent.

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