Food Industry News

On Chinese McDonald's assets had their eye

Mcdonald's has received final bids from at least three companies to buy a chain of restaurants in China and Hong Kong, Reuters reported, citing sources.

Mcdonald's plans to sell its restaurants for up to $ 3 billion.

Among the bidders for the purchase are the American private investment company Carlyle Group, the American fund TPG Capital and the development company Sanpower Group. To strengthen its position, Carlyle merged with the Chinese state-owned company CITIC, TPG Capital with the Chinese retailer Wumart Stores, and Sanpower Group with the Chinese Beijing Tourism Group.

As Reuters previously reported, McDonald's, after a series of scandals related to the use of low-quality products in China, turned to Morgan Stanley to accompany the sale of 2,8 thousand restaurants in China, Hong Kong and South Korea.

See also ... 23/06/2016 McDonald's offers up to $ 3 billion for business in China China was supplied with expired meat 19/05/2015 Fast food workers strike in the US 03/09/2014 McDonald's headquarters may move to Chicago 23/04/2014 McDonald's warns investors about risks 22/07/2014 Miratorg is ready to work with McDonald's in China / 05 McDonald's advises its employees not to get involved in fast food 12/2014/03 McDonald's agreed to pay a fine of $ 06 thousand for deceiving Muslims

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