McDonald’s has agreed to sell its Russian business to Alexander Govor, a local franchisee who operates 25 of the chain’s restaurants in Siberia.
Under the terms of the deal announced on Thursday, Govor will take over the group’s entire Russian portfolio of about 850 restaurants, operate them under a new brand and offer a different menu.
McDonald’s did not disclose a price for the sale, which the chain said remained “subject to certain conditions, including regulatory approval, with closing expected to occur in the coming weeks”.
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