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Maeil Dairy thinking about buying McDonald's South Korean operations

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Staff Writer | September 3, 2016
McDonald's South Korea
Acquisition   South Korean companies are thinking about the U.S. company

South Korea's Maeil Dairy Industry is considering whether to bid for McDonald's Corp's South Korean operations.

The spokesman said Maeil, South Korea's second-largest dairy company, has not yet decided whether to proceed with an offer. He declined to comment on any potential acquisition partners.

CJ Corp and NHN Entertainment Corp were among South Korean companies that have previously shown interest in the fast food giant's business in the country.

Domestic media have reported said the sale could fetch 300 billion won ($268 million) to 500 billion won, citing investment banking sources.

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