McDonald’s Agrees to Sell Russian Assets to Existing Licensee
Days after McDonald’s announced it would exit the Russian market and sell its entire portfolio, the company reached a sale and purchase agreement with its existing licensee Alexander Govor.
Govor will acquire the entire Russian McDonald’s restaurant portfolio and operate the restaurants under a new brand. Govor has served as a licensee since 2015 and has operated 25 restaurants in Siberia.
McDonald’s said the agreement remains subject to certain conditions, including regulatory approval, with closing expected to occur in the coming weeks...
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