Americana adds HSBC to list of banks for Gulf dual listing -sources | Reuters
The Middle East and North Africa franchisee of fast-food restaurants KFC and Pizza Hut has added HSBC (HSBA.L) to its syndicate of advisers for its potential dual listing this year, two sources familiar with the matter told Reuters.
Americana Group has hired HSBC as a joint bookrunner on the initial public offering (IPO), which could value the company as much as $8 billion, said the sources, declining to be named as the matter is not public. One of the sources said more bookrunners could be added.
Americana, which is considering a public share sale in the United Arab Emirates and Saudi Arabia, and HSBC did not immediately respond to requests for comment.
Americana has picked Goldman Sachs (GS.N), Morgan Stanley, First Abu Dhabi Bank (FAB) (FAB.AD) and Saudi National Bank (SNB) (1180.SE) as joint global coordinators for the deal, separate sources told Reuters in April. read more
Rothschild & Co (ROTH.PA) is working as financial adviser on the IPO, other sources told Reuters in April. read more
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