McDonald's inviting bids for part of Japan unit - WSJ (updated)
12/01/2017 13:49
(Adds company comment)
Jan 12 (Reuters) - McDonald's Corp MCD.N is inviting bids
for the sale of a 33 percent 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 the
unit. Bids are due next week and a number of private-equity
firms are considering bids, the Journal reported. http://on.wsj.com/2jmINjh
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 was looking to sell a portion of its stake in the
Japanese business. urn:newsml:reuters.com:*:nL3N1594RZ
"McDonald's Corp is continuing to explore a potential sale
of a portion of its ownership in McDonald's Japan. There have
been no decisions made at this time," company spokeswoman Terri
Hickey said in an email.
(Reporting by Sruthi Ramakrishnan in Bengaluru; additional
reporting by Aravind K; 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/