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CITIC to sell stake in McDonald's China, Hong Kong business for $430.3 million

CITIC to sell stake in McDonald's China, Hong Kong business for $430.3 million

(Reuters) - China's state-owned CITIC Ltd has agreed to sell its 19.23% stake in Fast Food Holdings, the company behind McDonald's (NYSE:MCD ) China and Hong Kong operations, to Trustar Fast Food Holdings for $430.3 million.

Source: Investing.com

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