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FINANCIAL NEWS
Private equity firms to buy Kuwaiti Americana
02 Jul 2014
(MENAFN) Private-equity firms KKR & Co LP and TPG Capital plan to purchase a majority stake in food retailer Kuwait Food Co SAK, or Americana, according to Arabian Business.
A report by Bloomberg said that there were another six groups which also wanted bidding for the stake held by the Kuwait-based billionaire al-Kharafi family.
The company is expected to be valued at USD5 billion.
Bloomberg said that the other potential bidders include CVC Capital Partners Ltd and Advent International Corp.
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BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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