Adeptio agrees to buy 67% stake in Americana for KWD2.65/share
UAE-based investment group Adeptio agreed to buy a 67% stake in Kuwait Food Co. (Americana) [FOOD.KK] from its majority shareholder, Al Khair National for Stocks and Real Estate (owned by the Al Kharafi family), according to a statement from Adeptio. Adeptio will pay KWD2.65 per share, which is a 26% premium to the 15 June 2016 closing price, and will seek to acquire the remaining shares from minorities at the same price. (Bloomberg)
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