×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: ML | Kuwait | Food

Kuwait Food Firm Americana Says Deal off to Sell Big Stake

Sunday, 29 May 2016 11:11 AM EDT

KUWAIT CITY (AP) — Kuwait Food Company says a planned deal involving the sale of a majority stake in the company has been called off after the parties involved failed to reach an agreement.

The company, better known as Americana, made the announcement in a stock exchange filing Sunday.

The investor group Adeptio announced plans to buy a majority stake in Americana from Al-Khair investment company in February for an undisclosed sum. Adeptio is led by the chairman of Emaar Properties, developer of Dubai's record-breaking Burj Khalifa skyscraper.

Americana operates Mideast franchises of Pizza Hut, KFC, Krispy Kreme and other well-known Western brands.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


MiddleEast
Kuwait Food Company says a planned deal involving the sale of a majority stake in the company has been called off after the parties involved failed to reach an agreement.The company, better known as Americana, made the announcement in a stock exchange filing Sunday.The...
ML,Kuwait,Food
102
2016-11-29
Sunday, 29 May 2016 11:11 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved