McDonald’s Corp. is inviting bids for a significant stake in its Japan unit, according to people familiar with the situation, days after it reached a deal to sell its China and Hong Kong franchises. The Oak Brook, Ill.-based fast-food giant owns through subsidiaries just under 50% of the unit, which is listed on the Tokyo Stock Exchange and has a market capitalization of around $3.5 billion. McDonald’s is looking to sell up to 33% of the unit, with bids due next week, the people said. A number of private-equity firms are...

Source: Wall Street Journal January 12, 2017 12:18 UTC