US fast-food giant McDonald has announced to sell its businesses in mainland China and Hong Kong for $2.08 billion to Citic, a state-owned conglomerate, and the Carlyle Group, a private equity firm. Citic Limited, Citic Capital Holdings, Carlyle Group and McDonald’s will form a company that will act as the franchisee responsible for the chain’s business in mainland China and Hong Kong for 20 years.
So, let’s discuss some questions related to this post:
Q1. Name the Countries, which has been announced by Mc Donald to sell its businesses for $2.08 billion, recently?
Ans1. China, Hong Kong
Source-The Indian Express