Tuesday 31 May 2016
 
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Americana

Americana shares sale to Adeptio scrapped

Kuwait's Al-Kharafi family has scrapped a sale of a majority stake in Kuwait Food Co (Americana) to a Gulf-based consortium, a company controlled by the family said on Sunday, ending months of talks over the multibillion-dollar deal.

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Americana shares sale to Adeptio scrapped

Kuwait's Al-Kharafi family has scrapped a sale of a majority stake in Kuwait Food Co (Americana) to a Gulf-based consortium, a company controlled by the family said on Sunday, ending months of talks over the multibillion-dollar deal.

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Americana posts 12.3pc Q1 net profit drop

Kuwait Food Co (Americana) posted a 12.3 percent fall in first-quarter net profit on Thursday, citing higher costs and losses from foreign exchange for the decline. The operator of restaurant franchises in the Middle East includin

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Citi drops out of $1.5bn financing of Americana sale

Citigroup has dropped out of the group of banks providing a $1.5 billion bridge loan to Gulf-based Adeptio for its proposed purchase of a majority stake in Kuwait Food Company (Americana), three sources aware of the matter said. T

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Americana chairman positive over stake sale

Kuwait Food Co (Americana) has edged closer to completing the sale of a controlling stake to a Dubai-based investment firm, the chairman of the consumer foods firm told reporters on Sunday. Adeptio, the investment firm, has not ex

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Americana says Gulf investor finished due diligence

The Gulf investment firm seeking to acquire a majority stake in Kuwait Food Co (Americana) has completed due diligence, the results of which will be communicated ‘in the coming period,’ a bourse filing said.  

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Americana posts 14.8pc Q4 net profit drop

Kuwait Food Co (Americana) posted a 14.8 per cent fall in fourth-quarter net profit on Thursday, citing rising costs and declining investment income for the drop. The operator of restaurant franchises in the Middle East including

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Americana gives go-ahead to due diligence

Kuwait Food Company (Americana) said that its board had agreed to give an investment firm 60 days to carry out due diligence for the acquisition of a controlling stake in the company. Last week the Gulf-based investment firm, Adep

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Americana gives go-ahead to due diligence

Kuwait Food Company (Americana) said that its board had agreed to give an investment firm 60 days to carry out due diligence for the acquisition of a controlling stake in the company. Last week the Gulf-based investment firm, Adep

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Americana agrees due diligence over stake sale

Kuwait Food Co (Americana) said that its board had agreed to give an investment firm 60 days to carry out due diligence for the acquisition of a controlling stake in the company. Last week the Gulf-based investment firm, Adeptio,

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