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

McDonald's Corp (MCD.N) has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd (0267.HK) and Carlyle Group LP (CG.O) for up to $2.1 billion, seeking to expand rapidly without using much of its own capital, Reuters reported.

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