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FINANCIAL NEWS
Dubai group to buy USD2.4bn in Kuwait’s Americana
19 Jun 2016
(MENAFN) Dubai investment group has agreed to buy a majority share in Kuwait Food Co. (Americana) for almost USD2.4bn.
Moreover, a Kuwait merchant family ‘Al-Khair’ had offered a 69 percent share in Americana, which owns the Middle East franchises for fast food chains.
Meanwhile, the deal will end one of the region’s longest running acquisition sagas, which has been for sale since 2014.
The group looks forward building on Americana’s success and taking advantage of the increase of the business going forward.
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