CITIC, Carlyle Take $2B Stake In McDonald’s China Biz

Law360, New York (January 9, 2017, 8:38 PM EST) -- China’s CITIC and The Carlyle Group are teaming up to form a partnership that will buy the majority of McDonald’s mainland China and Hong Kong business in a $2.08 billion deal and act as the master franchisee for 20 years, according to a Monday statement.

The deal will see conglomerate CITIC Ltd., Chinese alternative investment manager CITIC Capital and asset manager Carlyle take controlling stakes in McDonald’s China and Hong Kong operations.

CITIC and CITIC Capital will gain a controlling interest of 52 percent, Carlyle will...
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