(Reuters) – Carlyle Group Inc is looking to bring on new backers for its investment in McDonald’s Corp’s (NYSE: ) China operations, seeking an $8-$10 billion valuation for the business, Bloomberg News reported. reported on Friday.

Carlyle, which controls McDonald’s China along with Trustor Capital, could sell part of its stake in the fast-food giant while still retaining control, the report said, citing people familiar with the matter. .

Bloomberg said the ideas are in the early stages and no final decisions have been made.

In 2017, the US fast-food chain agreed to sell most of its China and Hong Kong business to CITIC and Carlyle for up to $2.1 billion. Trustor Capital is a private equity affiliate of CITIC Capital Holdings.

Carlyle, McDonald’s and Trustar did not immediately respond to a Reuters request for comment.