- 19 October, 2006 -

McDonald's Corp. has boosted the number of company-owned restaurants it may sell to franchisees by 800, the company said Thursday in a Securities and Exchange Commission filing. The losses the company would incur as a result of the moves could be "significant," McDonald's says in the filing. Losses would occur because the company expects the proceeds from the sales to fall short of the 2,300 restaurants' book value, which the company estimated at $3 billion. The company had previously said it was considering franchising 1,500 company-owned restaurants, a number first announced in January, a McDonald's spokeswoman said. Of the 30,893 McDonald's worldwide, about 27%, or 8,243, are company-owned, the spokeswoman said.

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