HALISTER: McDonald’s Plans to Sell Malaysia, Singapore Franchises

McDonald’s Plans to Sell Malaysia, Singapore Franchises

(Bloomberg) -- The 20-year franchise rights in Malaysia and Singapore combined could fetch at least $400m, according to people familiar with the matter.
  • A potential bidder is in talks with banks for ~$200m-$300m financing, said the people, asking not to be identified because the information is private
  • McDonald’s has adopted a “development licensee model” for the two markets, a Singapore-based spokeswoman for co. said in e-mailed response to Bloomberg queries
  • Co. is negotiating with candidates “who are committed to helping accelerate growth and innovation in Malaysia and Singapore”: spokeswoman
  • NOTES:
    • July 8: McDonald’s Corp. is also selling operations in China, Hong Kong, South Korea
    • March 31: Co. said in March it aims eventually to have 95% of its restaurants in Asia under local ownership
    • Co. has more than 120 restaurants with ~9,000 employees in Singapore; more than 250 restaurants in Malaysia: websites
Alert: HALISTER
Source: BFW (Bloomberg First Word)

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