By: Ahmad Awad
Kuwait-Mubasher: An initial agreement is being discussed between Adeptio and Al Khair National for Stocks and Real Estate Company, a subsidiary of Kuwait Food – Americana, to buy Al Khair’s 67% stake in Americana for KWD 2.6 per share, sources told Mubasher on Friday.
Being suspended for the past two week, the negotiations over the acquisition are back between the investment consortium Adeptio and Americana’s subsidiary, the investment arm of Al Kharafi Group, said the sources which preferred to remain anonymous.
It is noteworthy that the 67% stake is worth KWD 700 million ($2.3 billion), and was offered by the investment company representing GCC investors led by Mohammad Al Abbar, the chairman of Emaar Properties.
Translated by: Ingy ElSafy
