Announced
Financials
Tags
Private
Pending
Russian Federation
Single Bidder
Majority
Friendly
Restaurants and Bars
Acquisition
fast food chain
Domestic
Synopsis
Alexander Govor, McDonald's existing licensee, agreed to acquire the Russian business of McDonald's, a global foodservice retailer. Financial terms were not disclosed. The sale and purchase agreement provides for employees to be retained for at least two years, on equivalent terms. The buyer has also agreed to fund the salaries of corporate employees who work in 45 regions of the country until closing, as well as fund existing liabilities to suppliers, landlords and utilities.
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