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McDonald’s Golden Arches to Disappear From Russia After Sale to Licensee

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McDonald's to Exit All Business in Russia
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McDonald’s Corp. agreed to sell its Russian business to existing licensee Alexander Govor, just days after saying it was exiting the country due to its invasion of Ukraine.

The fast-food chain said in a statement Thursday that Govor will acquire its entire restaurant portfolio in Russia and operate it under a new name. Terms weren’t disclosed. The agreement is subject to closing conditions, including regulatory approval, and McDonald’s expects to close the deal in the coming weeks.