FINANCIAL NEWS

KKR, Abraaj bid on Kudu

17 Sep 2013

(MENAFN) KKR is battling with Abraaj Group for the acquisition of a major share in Saudi Arabia’s Kudu restaurant, Times of Oman reported.

The two companies reached the final bid stages for the acquisition of the 60 percent share in the food chain.

Two of the fast-food chain partners are to sell their shares, which is expected to put the chain’s value at between USD400 million and USD533 million.

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