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McDonald's Sells China Business to CITIC, Carlyle for $2.1B

Steve M.C.   | Jan 09, 2017 08:17 PM EST

Fast food guru McDonald's sold a great number of its market shares in China to two other firms, in a bid to expand its presence in the Chinese market. The deal that was announced on Monday was valued at $2.1 billion and highlighted Hong Kong's CITIC Capital and US Carlyle Group as the main investors.

McDonald's China Sale.

Carlyle-Citic in Advanced Talks to Acquire McDonald's China Assets: Report

Girish Shetti   | Dec 02, 2016 06:36 AM EST

A joint consortium led by American private-equity firm Carlyle Group and state owned Chinese investment company Citic Group Corp are reportedly nearing a deal to acquire McDonald's Corp's assets in China and Hong Kong for $3 billion.

McDonald's operation both in China and Hong Kong could be worth as much as $3 billion.

McDonald's Gets 3 Final Bids for China and Hong Kong Outlets

Ellie Froilan   | Sep 17, 2016 07:57 AM EDT

McDonald’s Corp has received three final bids from Carlyle Group (CG), Chinese state conglomerate CITIC Group, and TPG Capital for its China and Hong Kong outlets.

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