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McDonald's to keep up to 25% stake in China, HK stores: source

Wednesday, December 7, 2016 - 05:50

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The McDonald's stores in China and Hong Kong have attracted bids from a variety of parties, including TPG Capital Management LP and real estate firm Sanpower Group Co Ltd.

Hong Kong

MCDONALD'S Corp is looking to raise US$1 billion to US$2 billion with the sale of its China and Hong Kong stores after the US fast-food chain decided to keep "a significant minority stake in the business", a person with direct knowledge of the plans said on Tuesday.

The

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