trending Market Intelligence /marketintelligence/en/news-insights/trending/OMyuSenDdl5xziYsPXwbxA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

CITIC to sell 22% stake in McDonald's China

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


CITIC to sell 22% stake in McDonald's China

Chinese state-backed conglomerate CITIC Group Corp. plans to sell a 22% stake in McDonald's Corp.'s China and Hong Kong business to its private equity arm, Reuters reported Jan. 8.

CITIC hopes to make at least 2.17 billion yuan from the sale, the report said, citing a filing to the China Beijing Equity Exchange.

The sale to CITIC Capital Partners is expected to be finalized by early February. CITIC Group reportedly said it was a purely "commercial decision" that will continue to help develop McDonald's business in China.

In 2017, McDonald's sold 80% of its China and Hong Kong operations to CITIC Group, CITIC Capital and U.S. private equity firm Carlyle Group LP for $2.08 billion, according to the report. After the deal, CITIC Group held 32% of the business, Carlyle 28% and CITIC Capital 20%.

As of Jan. 7, US$1 was equivalent to 6.94 Chinese yuan.