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McDonald’s sells most of its China and Hong Kong business


McDonald’s is letting franchisees be the Big Mac in China. The fast-food giant has agreed to sell the bulk of its China and Hong Kong business for $2.1 billion to state-backed firm CITIC and the Washington, DC, buyout firm Carlyle Group. McDonald’s is keeping a 20 percent stake. In an unprecedented move for the burger...
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Source: New York Post


04:49, January 10, 2017 Josh Kosman

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