Alexander Govor to acquire the Russian business of McDonald's.

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.