According to Nikkei Asian Review, McDonald's Corporation MCD is exploring strategic alternatives for its Japanese arm, including a potential sell of part of the business.
The publication noted that an un-named McDonald's executive recently traveled to Japan and met with trading houses and investments funds to explore a sale of part of the unit. McDonald's owns about half of McDonald's Holdings Co. (Japan) and is said to be looking to unload 15 to 33 percent of the outstanding shares in the Japanese unit.
McDonald's may raise 100 billion yen ($817 million) from a partial sale as the company seeks to bring in outside capital. By doing so, the company hopes to improve its corporate image following recent scandals, including serving expired chicken in 2014.
Share of McDonald's recently traded at $117.03, up 0.3 percent.
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