Categories: Stock Market

McDonald’s China owners Carlyle, Trustar plan $4 billion exit


© Reuters. The logo of McDonald’s is seen at its restaurant in Hong Kong, China August 27, 2021. REUTERS/Tyrone Siu/File Photo

(Reuters) – Carlyle Group (NASDAQ:) Inc and Trustar Capital are planning to raise $4 billion from funds including GIC Pte to buy part of their stakes in McDonald’s Corp (NYSE:) operations in Hong Kong and mainland China, Bloomberg News reported on Wednesday.

The move would provide a partial exit for the buyout firms after they bought the business six years ago, according to the report, citing people familiar with the matter. 

Source link

nasdaqpicks.com

Share
Published by
nasdaqpicks.com

Recent Posts

India’s retail inflation falls to 4.31%, a five-month low

  India’s retail inflation eased to a five-month low of 4.31 per cent in January…

7 minutes ago

Tata Motors shares’ 42% crash from peak wipes off ₹1.8 lakh crore from investor wealth

Shares of Tata Motors, a leading global automobile manufacturer, have been maintaining a steady downward…

8 minutes ago

UK accountants push to end fees cap on ESG work for audit clients

Stay informed with free updatesSimply sign up to the Accounting & Consulting services myFT Digest…

12 minutes ago

Tackling soaring airfares: Govt plans predictive monitoring system

In a bid to safeguard air passengers from exorbitant fare hikes, Centre is planning to…

14 minutes ago

Reliance, Asian Paints to Tata Motors: Over 700 stocks sink to 52-week lows amid stock market crash

As many as 721 stocks, including Reliance Industries, Asian Paints, Tata Motors and Power Grid,…

19 minutes ago

Airtel awards contracts to Nokia to expand 5G Wireless Broadband Access

Bharti Airtel has entered into a contract with Nokia to expand 5G Fixed Wireless Access…

21 minutes ago