(Corrects company name in first paragraph to Citic Ltd from
Citic Group Corp)
Jan 9 Citic Ltd and Carlyle Group LP
would buy a majority interest in McDonald's Corp's
mainland China and Hong Kong businesses for $2.08
billion, the companies said.
Citic Ltd and Citic Capital will have a stake of 52 percent,
while Carlyle and McDonald's will own 28 percent and 20 percent,
respectively in the businesses.
Reuters reported in December that McDonald's was looking to
raise $1 billion to $2 billion with the sale of its China and
Hong Kong stores.
(Reporting By Rushil Dutta in Bengaluru; Editing by Gopakumar