CITIC Capital hikes stake in McDonald's China

CITIC Capital Holdings Ltd has announced that its private equity arm, Trustar Capital, has signed an agreement with CITIC Group to acquire its shares in McDonald's businesses on the Chinese mainland, Hong Kong and Macao.

Following this transaction, the CITIC Capital consortium, including CITIC Capital and its private equity division, Trustar Capital, will remain the controlling shareholder with 52 percent ownership of McDonald's China, while McDonald's Corporation owns 48 percent.

This increased stake underscores the consortium's strong, long-term confidence in the potential of McDonald's China, said the company.