McDonald’s is going to sell its Malaysian business to Saudi company
As persons remaining anonymous recently mentioned, McDonald’s Corporation plans to sell its Malaysia and Singapore franchises to Reza Investment Group.
The information from two specified sources indicates that Reza Food Services Co. Ltd (evidently, a part of the Reza Group) is planning to get the assistance of the Malaysian bank CIMB (KL: CIMB) for financial support of this deal. The partakers of the deal prohibited its public announcement, and the informants want to remain unidentified, but they inform the media that the price of the contract will be up to $400 million.
As sources stated, the contract presumably will be signed by its parties by the end of 2016. There is no comments or official announcements from CIMB, McDonald’s or Reza Investment Group for now.