Kuwait – Mubasher: National Investments Company announced on Sunday that it was appointed as the manager for the acquisition of UAE’s Adeptio Investments SPC Ltd. for Americana’s stakes.
The investment company noted that managing the acquisition will not have any impact of the company’s financial position, according to a bourse filing on Sunday.
On 23 October, National Investments Company said that it has finalised the procedures of selling 66.790% of Kuwait Food – Americana’s shares.
Under the deal, Adeptio will buy Al Khair for Stocks and Real Estate Company’s stake in Americana’s stake for KWD 711,515 million.
National Investments said that the deal was executed via its subsidiary, Al Seef Brokerage Company, for a commission of KWD 1.4 billion, of which 70% will got to Al Seef Brokerage.
