There doesn't seem to be an embargo on selling assets.
McDonald's sold its Russian business in May and has been rebranded as "Vkusno & tochka." Vkusno & tochka's owner is planning to open 1,000 restaurants in under five years.
Surprised me. I thought they would just seize them as and when they wanted. McDonald's is small fry compared with the $b's of western assets there. Pundits thought they would just take them over and say thanks very much. Not much use unless they can sell some of the produce though.
McDonald's sold its Russian business in May and has been rebranded as "Vkusno & tochka." Vkusno & tochka's owner is planning to open 1,000 restaurants in under five years.
Surprised me. I thought they would just seize them as and when they wanted. McDonald's is small fry compared with the $b's of western assets there. Pundits thought they would just take them over and say thanks very much. Not much use unless they can sell some of the produce though.