Tuesday, April 25, 2017

McDonald's drops plan to sell shares in Japan unit

TOKYO, April 26 (Reuters) - McDonald's Corp has put

on hold plans to sell shares in its Japan unit, which recently

returned to profit for the first time in three years after a

series of food scandals shook consumer confidence in the chain.

The fast food giant has "made the decision to not proceed

with the transaction at this time," Chief Finance Officer Kevin

M. Ozan told investors on a conference call on Tuesday.

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