Mcdonald’s will have a 15-year option to buy its restaurants in Russia back

Reuters

10:57 JST, June 3, 2022

McDonald’s Corp will have an option to buy its restaurants in Russia back within 15 years, Russia’s anti-monopoly service said in a statement on Thursday.

The service approved a deal in which the fast-food company sold the restaurants to one of its local licensees – Alexander Govor, who will rebrand them, ending more than three decades of the “Golden Arches” in the country.