Sunday 28 August 2016
 
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Americana

Americana posts 31pc Q2 net profit gain

Kuwait Food Co (Americana) posted a 31 per cent rise in second-quarter net profit on Monday. The operator of restaurant franchises in the Middle East, including KFC, made a net profit of KD9.03 million ($29.91 million) in the thre

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Adeptio mulls $1.65bn loan to fund Americana acquisition

Gulf-based Adeptio is in advanced talks with banks to secure a $1.65 billion bridge loan to fund its purchase of a majority stake in Kuwait Food Company (Americana), banking sources told Reuters on Wednesday. Discussions with the

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Dubai group buys majority stake in Americana

An investment group led by prominent Dubai businessman Mohamed Alabbar has agreed to buy a majority stake in Kuwait Food Co (Americana) from the Kharafis, a wealthy Kuwaiti merchant family, for about $2.4 billion. Under a legally

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Dubai group buys majority stake in Americana

An investment group led by prominent Dubai businessman Mohamed Alabbar has agreed to buy a majority stake in Kuwait Food Co (Americana) from the Kharafis, a wealthy Kuwaiti merchant family, for about $2.4 billion. Under a legally

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Kuwaiti group Americana revives stake sale talks

Kuwait Food Company (Americana) is back in talks to sell a majority stake to a group of Gulf investors just days after negotiations collapsed over valuation issues, sources said on Wednesday. Americana, which owns the Middle East

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Kuwaiti group Americana revives stake sale talks

Kuwait Food Company (Americana) is back in talks to sell a majority stake to a group of Gulf investors just days after negotiations collapsed over valuation issues, sources said on Wednesday. Americana, which owns the Middle East

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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 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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