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Mcdonald’s will have a 15-year option to buy its restaurants in Russia back
2022.06.02 19:42
FILE PHOTO: A view shows a closed McDonald’s restaurant in Moscow, Russia May 16, 2022. REUTERS/Evgenia Novozhenina
(Reuters) – McDonald’s Corp (NYSE:MCD) will have an option to buy its restaurants in Russia back within 15 years, Russia’s anti-monopoly service said in a statement on Thursday.
The service approved a deal in which the fast-food company sold the restaurants to one of its local licensees – Alexander Govor, who will rebrand them, ending more than three decades of the “Golden Arches” in the country.
