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McDonald’s to sell Russian arm to local businessman

Govor will acquire McDonald’s entire Russian restaurant portfolio and operate them under a new brand

McDonald’s has announced it has initiated a process to sell its Russian business, having entered into a sale and purchase agreement with its existing licensee, Alexander Govor.

Last week (16 May), Mcdonald’s announced that it will exit the Russian market after more than 30 years of operations in the country.

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