McDonald's raises its stake in its China business, even as other multinationals pull back

<p><br></p><p>McDonald's will increases its stake in its China business to 48%</p><p><span>to acquire investment firm Carlyle's&nbsp;28% holding in the burger chain's China business, which also includes its stores in Hong Kong and Macau, will see McDonald's stake rise to 48%.</span><br></p><p>a group led by state-backed conglomerate CITIC&nbsp;has controlling ownership, a 52% stake </p><p>"We believe there is no better time to simplify our structure, given the tremendous opportunity to capture increased demand and further benefit from our fastest growing market's long-term potential," McDonald's CEO Chris Kempczinski said in a statement on Monday.</p><p>Info comes via <a href="https://www.reuters.com/markets/deals/mcdonalds-acquire-carlyles-stake-china-unit-2023-11-20/" target="_blank" rel="nofollow">Reuters, link for more</a>.&nbsp;</p><p>—</p><p>The move comes as many other&nbsp;multinational corporations scale back investments in China &nbsp;due to geopolitical and economic challenges.&nbsp;</p><figure data-media-><img src="https://images.forexlive.com/images/mcdonalds%20china%20carlyle_id_4e98d383-c9c7-4d0d-93e0-8f506a795228_size900.jpeg" alt="The Caixin/Markit PMIs for Services (and Composite) for September is due at 0145 GMT on Friday 08 Oc" width="1000" height="666" wrapper-="wrapper-" data-src="https://images.forexlive.com/images/mcdonalds%20china%20carlyle_id_4e98d383-c9c7-4d0d-93e0-8f506a795228_size900.jpeg" /></figure><p><br></p>

This article was written by Eamonn Sheridan at www.forexlive.com.