Americana's largest shareholder back in talks to sell stake to Adeptio
Kuwait Food Company's (Americana) [FOOD.KK] majority shareholder Al Khair National for stocks and Real Estate (owned by the Al Kharafi family) has reportedly restarted talks to sell its 69% stake to Dubai-based investment firm Adeptio after negotiations collapsed over valuation issues in May 2016. According to unnamed sources, the valuation gap between the two parties has narrowed, indicating that a deal could materialise. No comments from either party are available yet. (Reuters)
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