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Will McDonald’s (MCD) Stock Be Impacted by Plan to Sell North Asia Stores?

NEW YORK (TheStreet) -- Fast food giant McDonald's (MCD - Get Report) is seeking out private equity firms and China's state-backed conglomerate China Resources for its planned sale of 2,800 restaurants in North Asia, sources told Reuters.

The company is embracing a new business model in Asia, which Reuters describes as "the most intense battleground" for restaurant chains around the world. McDonald's is planning to bring in partners that will own the restaurants within a franchise operation.

McDonald's long term goal is to be 95% franchised.

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