Hong Kong’s CITIC and USA’s Carlyle Group Acquire an 80% Stake in McDonald’s China

Fast-food chain McDonald’s Corp announced on Monday [9 January 2017] the sale of 80 percent of its Chinese mainland and Hong Kong operations to a consortium including CITIC Ltd and Carlyle Group LP. The move will help it expand amid growing competition, but analysts warned challenges remain…Full Article: China Daily Jan 2017 Key Point As

McDonald’s to Tap Carlyle Group and CITIC Group to Buy its Mainland and Hong Kong Fast Food Outlets

McDonald’s Corp has picked a consortium led by private-equity firm Carlyle Group LP and Chinese conglomerate CITIC Group Corp to buy its Chinese mainland and Hong Kong stores for as much as $2 billion while keeping a minority stake in the business, according to US media reports on Tuesday [6 December 2016]…Full Article: China Daily