China's CITIC to sell 42.3% stake in McDonald's China operations

The filing said CITIC plans to raise at least 2.17 billion yuan ($312 million) through the sale.

Reuters

January 08, 2020 / 11:17 IST

China's state-owned conglomerate CITIC Group has put up for sale its 42.3% stake in Fast Food Holdings Ltd, a company that controls the China operations of McDonald's Corp, a filing to the China Beijing Equity Exchange showed.

The filing said CITIC plans to raise at least 2.17 billion yuan ($312 million) through the sale.

Reuters

first published: Jan 8, 2020 11:12 am

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