Kuwait-Mubasher: The UAE the investment consortium Adeptio has signed on Saturday an agreement with Al Khair National for Stocks and Real Estate Company, a subsidiary of Kuwait Food – Americana, to purchase the entire stake of Al Khair in Americana for $2.4 billion.
The purchase price is KWD 2.650 per share, with a 26% premium to the latest price the stock closed at on 15 June, 2016, according to a recent statement.
Following the takeover process, Adeptio will submit a compulsory acquisition offer to the remaining shareholders of Americana to buy their shares at the same price.
It is noteworthy that Adeptio is a group of GCC investors led by Mohammad Al Abbar, the chairman of Emaar Properties.
