WSJ : McDonald's Invites Bids For Significant Stake In Its Japan Unit
13-Jan-2017
- USA
McDonald's Corp. (MCD) is inviting bids for a significant stake in its Japan unit, the Wall Street Journal reported citing people familiar with the matter, days after it reached a deal to sell its China and Hong Kong franchises.
The Oak Brook, Ill.-based fast-food giant owns through subsidiaries just under 50% of the unit, which is listed on the Tokyo Stock Exchange and has a market capitalization of around $3.5 billion.
McDonald's is looking to sell up to 33% of the unit, with bids due next week. A number of private-equity firms are considering bids, they said. Morgan Stanley is running the sale, the report said. (dpa)
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