McDonald's will probably sell some of its subsidiary in Japan

22.12.2015 / 05:00

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McDonald's Holdings Co. (Japan) fell to almost two-year low after the Nikkei newspaper reported that its US parent company plans to reduce its stake in the subsidiary unit, the company is struggling to recover from a series of food scandals.

McDonald's, the largest restaurant chain in the world is owner of about half the Tokyo-based company is trying to sell 15 percent to 33 percent of the shares

The shares plunged by 7.9 percent in trading in Tokyo, the decline was the sharpest intraday.

The parent company expects to receive about $ 825 million from the sale and expect potential buyers to meet until mid-January.

Division in Japan predicted a loss of 38.00 billion yen in 2015, compared with a loss of 21,800.0 million yen a year earlier.

E.Dimitrov JrTrader

Varchev Traders

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McDonald's will probably sell some of its subsidiary in Japan

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