Kuwait Food (Americana) asked for its shares to be suspended on the Kuwaiti bourse on Wednesday after its main shareholder said it was reviewing its portfolio, including its stake in the firm.
Americana said Al Khair National for
Up to three bidders could submit offers to buy a majority stake in Kuwait Food Company (Americana) ahead of a deadline for second-round bids in mid-October, sources aware of the matter told Reuters.
One of the bidders, Savola Grou
Saudi Arabia's Savola Group has appointed JP Morgan to advise on its potential purchase of a stake in Kuwait Food Co (Americana), the Jeddah-based firm said.
Savola previously said in August it had held preliminary talks with
Major Saudi Arabian food producer Savola Group said on Tuesday it had conducted preliminary talks with one of the largest shareholders in Kuwait Food Co (Americana) on a potential purchase of that shareholder's stake.
Kuwait Food Company (Americana) said on Monday that it had no knowledge of any talks with Saudi Arabia's Savola Group on a possible acquisition of Americana.
"The board and executive administration deny knowledge of any n
Major Saudi food producer Savola Group said on Wednesday it had begun preliminary talks on a potential acquisition of Kuwait Food Company (Americana) , one of the Middle East's largest food companies.
Savola has attended an in
Kuwait Food Company, which sells food products under the Americana brand name, reported an 8.7 per cet increase in second-quarter net profit.
The company made a profit of KD12.80 million ($45.2 million) compared with KD11.78 milli
Some of the world's major provate equity firms are showing interest in acquiring Americana, the Kuwaiti operator of major food chains.
Americana, the operator of KFC, TGI Friday’s, Krispy Kreme and Red Lobster in Kuwait,
Kuwait Food Company (Americana) said on Sunday it had no knowledge of any firms interested in buying its business, contrary to recent media reports.
"The administration of the company has no knowledge of this matter. The admi
Private-equity firms KKR & Co LP and TPG Capital are among the groups looking to buy a majority stake in food retailer Kuwait Food Co SAK, better known as Americana, Bloomberg reported, citing people familiar with the matter.