CITIC to sell stake in McDonald’s China, Hong Kong business for $430.3 million | WABX 107.5 | Evansville's Classic Rock Station

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CITIC to sell stake in McDonald’s China, Hong Kong business for $430.3 million

By Thomson Reuters Oct 21, 2024 | 5:21 AM

(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)

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