The media forecast came true by 50%. The terms of the transaction are named.
McDonald’s has announced a decision on a deal with a Russian entrepreneur who will buy out its Russian market share.
He became the licensee of McDonald’s in the Siberian Federal District, Alexander Govor. The terms of the deal are a new brand, under which fast food restaurants will operate.
Recall that the fast food chain tried to keep the Russian business, stating that it would continue to work under a different brand, with the preservation of jobs, shops and menus, in mid-June.
However, she later announced the sale of the business.
According to Interfax, one of the conditions of the deal is the approval of regulators. The chain will be closed in the next few weeks, McDonald’s said.
Govor will be given the restaurant portfolio of the chain, which he will use under the new name of the Chain. The second condition of the sale was the retention of staff and conditions for at least two years.
Also, Govor, as reported by the agency, took on the costs of salaries of employees of the corporation who work in Russian branches in 45 regions of Russia.
However, payments are calculated before the transaction is completed. The entrepreneur will also finance the obligations assumed by the American company to suppliers, owners of leased premises and housing and communal services.
Earlier, Topnews wrote that the owners of the fast food chain, according to the Bell edition, can become a Govor and a relative of ex-President of Kazakhstan Nursultan Nazarbayev, entrepreneur Kairat Boranbayev, owner of the SPP company.