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Longreach buys founder's stake of 24.98% in McDonald's Japan

2005-07-28
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The Wall Street Journal, Asia
News
Longreach buys founder's stake of 24.98% in McDonald's Japan

Article reports that the Longreach Group paid approximately 75 billion yen ($667.6 million) to acquire almost a quarter of McDonald's Holdings Co. (Japan) Ltd. The article notes that Longreach was to become one of the largest shareholders in the restaurant chain, and said McDonald's Japan welcomed the investment.

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