Wednesday, 2 July 2014

Six Groups Bidding To Buy Stake In Kuwait's Americana - Bloomberg » Gulf Business

Six Groups Bidding To Buy Stake In Kuwait's Americana - Bloomberg » Gulf Business:



"Private-equity firms KKR & Co LP and TPG Capital are among the groups looking to buy a majority stake in food retailer Kuwait Food Co SAK, better known as Americana, Bloomberg reported, citing people familiar with the matter.



The report said at least six groups were considering bidding for the stake held by the Kuwait-based billionaire al-Kharafi family.



A deal could value the company at about $5 billion, Bloomberg reported."



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