McDonald’s will sell Russian business to current licensee

19/5/2022 6:07:00 PM

Ukraine-Russia Crisis: McDonald’s will sell Russian business to current licensee - Bloomberg

Ukraine-Russia Crisis: McDonald’s will sell Russian business to current licensee - Bloomberg

CHICAGO (May 19): McDonald’s Corp agreed to sell its Russian business to existing licensee Alexander Govor, just days after saying it was exiting the country due to its invasion of Ukraine.The fast-food chain said in a statement Thursday that Govor will acquire its entire restaurant portfolio in Russia and operate it under a new name. Terms weren’t disclosed. The agreement is subject to closing conditions, including regulatory approval, and McDonald’s expects to close the deal in the coming weeks.The hasty

CHICAGO (May 19): McDonald’s Corp agreed to sell its Russian business to existing licensee Alexander Govor, just days after saying it was exiting the country due to its invasion of Ukraine.The fast-food chain said in a statement Thursday that Govor will acquire its entire restaurant portfolio in Russia and operate it under a new name. Terms weren’t disclosed. The agreement is subject to closing conditions, including regulatory approval, and McDonald’s expects to close the deal in the coming weeks.

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