Adeptio in talks to secure USD1.65bn loan for Americana acquisition
Investment firm Adeptio is in advanced talks with banks to secure a USD1.65bn bridge loan to fund its purchase of a majority stake in Kuwait Food Co (Americana), according to banking sources. Discussions with the banks were at an advanced stage, with the deal expected to conclude in July 2016, the sources said. Adeptio announced that it had agreed to buy all the shares held by Al Khair National for Stocks and Real Estate, controlled by the Kharafi family, in Americana at KWD2.65/share. (Reuters)
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