Americana hires Rothschild to advise on possible Saudi or UAE IPO-sources | Reuters
The Middle East and North Africa franchisee of fast-food restaurants KFC and Pizza Hut has hired investment bank Rothschild & Co (ROTH.PA) to advise on a potential initial public offering (IPO), two sources told Reuters.
Americana Group, which is considering a public share sale in the United Arab Emirates or Saudi Arabia, is expected to invite banks to pitch for other top roles in the transaction in coming weeks, said the sources, declining to be named as the matter is not public.
Americana is owned by Saudi Arabia's Public Investment Fund and an investment consortium led by Dubai businessman Mohammed Alabbar, founder of Dubai-listed Emaar Properties (EMAR.DU).
Americana and Alabbar did not immediately respond to a request for comment when contacted by Reuters on Wednesday. Rothschild declined to comment.
The shareholders may also consider a dual listing for the company, the sources said.
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