Thursday 16 June 2016

Kuwaiti fast-food group Americana revives sale talks - sources | Reuters

Kuwaiti fast-food group Americana revives sale talks - sources | Reuters:

"Kuwait Food Co (Americana) is back in talks to sell a majority stake to a group of Gulf investors just days after negotiations collapsed over valuation issues, sources said on Wednesday.

Americana, which owns the Middle East franchises for fast food chains KFC and Pizza Hut and also produces branded consumer foods, has been up for sale since early 2014.

Investment firm Adeptio, which is led by prominent Dubai businessman Mohamed Alabbar, in February agreed to buy 69 percent of Americana from Al Khair for Stocks and Real Estate, which is controlled by the Kharafis, a wealthy merchant family."



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