Monday 2 May 2016
 
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Americana

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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Gulf group to buy key stake in Kuwait's Americana

Gulf-based group Adeptio signed an initial agreement with the Al Khair holding company to buy its stake in Kuwait Food Company (Americana), the companies said in bourse statements on Thursday. State news agency Kuna said Adeptio,

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Gulf group to buy key stake in Kuwait's Americana

Gulf-based group Adeptio signed an initial agreement with the Al Khair holding company to buy its stake in Kuwait Food Company (Americana), the companies said in bourse statements on Thursday. State news agency Kuna said Adeptio,

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Americana says no binding offers, talks ongoing

Kuwait Food Company has not received any binding offers for a stake in the company to date, the firm better known as Americana said in a statement on Sunday. Americana, backed by Kuwait's billionaire al-Kharafi family, said ta

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