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TPG said to exit race for US$2b McDonald's China rights

Published Thu, Oct 27, 2016 · 09:50 PM

Hong Kong

TPG Capital has exited the race for the McDonald's Corp China operations, leaving two other foreign buyout firms to compete with local bidders in a sale that could fetch as much as US$2 billion, people with knowledge of the matter said.

Bain Capital has partnered Chinese hotelier GreenTree Hospitality for its offer, while Carly…

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Companies & Markets

TPG said to exit race for US$2b McDonald's China rights

Consumer & Healthcare

Cordlife requests trading halt after dropping 15.2% to all-time low, pending announcement

Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

Swiss watch exports plunge as China and Hong Kong demand dries up

Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO

Billionaires selling cheap stuff get richer from inflation pain

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