Kuwait-Mubasher: Kuwait Food Co (Americana) has denied on Monday news that its assets have been valuated at $4 billion (KWD 1.2 billion) by Adeptio.
Al Khair National for Stocks and Real Estate Company, a subsidiary owned by Al-Kharafi’s family, had announced a preliminary conditional agreement offered to sell its 66.79% stake in Americana to Adeptio.
Adeptio is an investment company which represents GCC investors led by Mohammad Ali Rashed Al Abbar who is the chairman of Emaar Properties.
