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Fujita family sells stake in McDonald's

2005-07-28
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The Financial Times
News
Fujita family sells stake in McDonald's

Article reports that the Japanese family that founded McDonald's Japan has agreed to sell its stake in the company to the Longreach Group. The article quotes Longreach Chairman Mark Chiba as saying the acquisition had come at an "interesting juncture" in McDonald's Japan's history, and notes that the company has a market capitalization of approximately $2.7 billion and is 50% owned by McDonald's of the U.S.

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