Sunday, 6 March 2016

Americana Said Valued at $4 Billion in Alabbar-Led Takeover - Bloomberg Business

Americana Said Valued at $4 Billion in Alabbar-Led Takeover - Bloomberg Business:

"The investor group buying Kuwait Food Co. has valued the operator of KFC restaurants in the Middle East and North Africa at about $4 billion in their agreement to buy out the company’s family owner, according to people with knowledge of the matter.
Adeptio LLC plans to take the Kuwaiti company, known as Americana, private, the people said, asking not to be identified as the information is confidential. The consortium, led by Emaar Properties PJSC Chairman Mohamed Alabbar, includes prominent United Arab Emirates and Saudi Arabian families, the people said. The investor group is conducting due diligence on the deal and terms may change based on the outcome, they said."



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