CITIC to sell stake in McDonald's China, Hong Kong business for $430.3 mln

Reuters
21 Oct 2024

Oct 21 (Reuters) - China's state-owned CITIC Ltd

has agreed to sell its 19.23% stake in Fast Food Holdings, the company behind McDonald's China and Hong Kong operations, to Trustar Fast Food Holdings for $430.3 million.

(Reporting by Roshan Thomas in Bengaluru; Editing by Arun Koyyur)

((Roshan.Thomas@thomsonreuters.com;))

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