NEW YORK -- The U.S. fast-food chain McDonald's will sell off a significant chunk of shares held in McDonald's Holdings (Japan), a move that will grant its cross-Pacific counterpart greater independence to recover amid a pandemic.
McDonald's, which currently holds 49.99% ownership in McDonald's Japan, will sell about a 15% stake, the American company said Monday during a second-quarter earnings call. The shares are held via Canadian and Singaporean units.
