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McDonald’s sells China business

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McDonald’s sells China business in deal worth up to $2.1 billion

McDonald’s sells China unit in $2.1B deal McDonald’s sells China unit in $2.1B deal 7 Hours Ago | 00:34 McDonald’s has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC and Carlyle Group for up to $2.1 billion, seeking to expand rapidly without using much of its own capital. The 20-year deal caps …

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