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CITIC Ltd (CPF.SG)

1.0245

+0.0085

+(0.84%)

At close: April 25 at 10:48:32 AM GMT+2

China's Trustar raises $1 billion for vehicle that holds McDonald's China stake, sources say

Trustar Capital has raised $1 billion for a continuation fund that will hold the Chinese private equity firm's controlling stake in McDonald Corp's operations in mainland China and Hong Kong, two sources with knowledge of the matter said. A continuation fund is a new vehicle created by a private equity (PE) firm to transfer holdings of existing investments. Sovereign wealth fund Qatar Investment Authority (QIA) has committed the biggest amount to become the anchor investor in Trustar's continuation fund, said the sources, who declined to be named as the information is confidential.

Reuters 5 months ago

MCD

CTPCY
CITIC to sell stake in McDonald's China, HK operations for $430.3 million

It will sell the stake in Fast Food Holdings to a unit of Chinese private equity firm Trustar Capital Partners, CITIC said in a statement. Fast Food Holdings owns 52% of the holding company managing McDonald's businesses in mainland China and Hong Kong.

Reuters 6 months ago

CTPCY

MCD

Performance Overview

Return	CPF.SG	HANG SENG INDEX (^HSI)
YTD	-7.91%	+9.58%
1-Year	+159.49%	+27.17%
3-Year	+998.04%	+10.63%