McDonald's inviting bids for 33 pct stake in Japan unit - WSJ
12/01/2017 11:48
Jan 12 (Reuters) - McDonald's Corp MCD.N is inviting bids
for a significant stake in its Japan unit McDonald's Holdings Co
Japan Ltd 2702.T , the Wall Street Journal reported, citing
people familiar with the situation.
The fast-food company owns just under 50 percent of its
Japanese unit, and is looking to sell up to 33 percent, with
bids due next week, the report said. http://on.wsj.com/2jmINjh
A number of private-equity firms are considering bids, the
report said.
Morgan Stanley is running the sale, the newspaper reported,
citing one of the sources.
McDonald's - which last week agreed to sell the bulk of its
China and Hong Kong business to state-backed conglomerate CITIC
Ltd 0267.HK and Carlyle Group LP CG.O - said in January last
year that it is looking to sell a portion of its stake in its
Japanese business. urn:newsml:reuters.com:*:nL3N1594RZ
The company did not immediately respond to requests for
comment outside regular business hours.
(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by
Shounak Dasgupta)
((sruthi.ramakrishnan@thomsonreuters.com; Within U.S.+1 646 223
8780, outside U.S. +91 80 6749 1130; Reuters Messaging:
sruthi.ramakrishnan.thomsonreuters.com@reuters.net))
Keywords: MCDONALDS JAPAN DIVESTITURE/