Kuwait-Mubasher: Kuwait Food – Americana said that its board will hold a meeting on Monday, 8 February, for discussing moving forward with a deal recently offered for taking over its controlling interest owned by Al Khair National for Stocks and Real Estate Company, according to a bourse statement.
Americana’s board is specifically looking into whether to allow the prospective buyer to carry out due diligence after the bid launched by prominent businessmen from UAE for Al Khair’s stake in the food company was initially accepted.
Al-Kharafi’s subsidiary, Al Khair, recently announced reaching a preliminary conditional agreement to sell its 66.79% stake in Americana to Adeptio, an investment company which represents GCC investors led by Mohammad Ali Rashed Al Abbar who is the chairman of Emaar Properties.
