Page 34 - Citic News Today

The Hong Kong stock market has moved lower in consecutive trading days, slumping more than 620 points or 3.5 percent in that span. The Hang Seng Index now rests just above the 17,450-point plateau although it may stop the bleeding on Monday.

By Colin Kellaher McDonalds is raising its stake in McDonalds China to 48% from 20% by buying investment-firm Carlyles 28% interest in the partnership. McDonalds on Monday said the...

McDonald’s Corp. said Monday it has agreed to acquire Carlyle’s minority stake in the partnership that operates and manages its business in Mainland China,...

In 2017, the fast-food giant sold control of its restaurants in mainland China, Hong Kong and Macau to Carlyle and Citic.

CHICAGO and HONG KONG, Nov. 20, 2023 /PRNewswire/ -- McDonalds Corporation and global investment firm Carlyle today announced that McDonalds has agreed to acquire Carlyles minority ownership...

In 2017, the fast-food giant sold control of its restaurants in mainland China, Hong Kong and Macau to Carlyle and Citic.

McDonald's Corp MCD has agreed to acquire global investment firm Carlyle Group Inc's CG minority ownership stake in the strategic partnership that operates…

The CITIC Consortium, mainly through its equity affiliate CITIC Capital, will maintain its controlling ownership stake.

The deal will help McDonalds raise its holdings to 48 per cent, while a consortium led by state-backed conglomerate CITIC will maintain its controlling ownership with a 52 per cent stake in the business, , McDonald’s, carlyle

With the acquisition of Carlyle’s minority stake, McDonald’s increases its ownership stake in China from 20% to 48%.