McDonald’s Buys Back Carlyle’s Minority Stake in China Unit

(Bloomberg) -- McDonald’s Corp. agreed to buy Carlyle Group Inc.’s minority stake in the partnership that runs the restaurant chain’s business in China, Hong Kong and Macau for an undisclosed price.

The Chicago-based company will increase its stake in the partnership to 48% from 20% as part of the deal, according to a statement Monday. The Citic Consortium, a Chinese conglomerate, will continue to hold 52% of the business.