Kuwait-Mubasher: Al Khair National for Stocks and Real Estate Company has signed a preliminary conditional agreement to sell its stake in Kuwait Food – Americana to Adeptio, an investment company which represents GCC investors led by Mohammad Ali Rashed Al Abbar.
It is noteworthy that the subsidiary Al Khair owns 66.80% stake in Americana.
Al Khair said that it has notified Kuwait’s Americana about the agreement, according to a statement which added that Adeptio will follow the takeover action by submitting a firm acquisition offer to Americana based on the rules set by the Capital Markets Authority and Kuwait Stock Exchange.
