Overview

• McDonald's is increasing its stake in its China business from 20% to 48% by buying Carlyle's 28% stake, with the deal valuing the operations at $6 billion.
• The move is seen as a strategic decision to tap into the growth potential of China, McDonald's fastest-growing market, despite the prevailing trend of multinational corporations reducing investments in China due to geopolitical and economic challenges.
• Since 2017, the number of McDonald's stores in China has doubled to 5,500, with the company aiming to have more than 10,000 stores by 2028.
• Sales in China have grown more than 30% since September 2019, according to McDonald's.
• The deal is expected to be completed in the first quarter of 2024, subject to regulatory approvals.