U.S. private equity firm KKR and Dubai-based Fajr Capital have teamed up as one of four bidders shortlisted to buy a majority stake in Abu Dhabi-based National Food Products Company (NFPC), unnamed sources were quoted by Reuters as saying.  NFPC is one of the UAE’s largest manufacturers and distributors  of food and dairy that sells brands such as Milco, Lacnor and Oasis bottled water in addition to having a joint venture with Danish dairy player Arla Foods. Earlier in April, Almarai announced its interest in buying a controlling stake in NFPC, which is targeting to raise up to USD1.5bn from its 51% stake sale. The two other bidders are an international industrial firm and an international financial firm. The four bidder are invited to conduct their due diligence ahead of making a formal bid by 9 June 2016. (Reuters)   Almarai: SAR55.52 as of 18 May 2016, Rating: Neutral, FV: SAR48.75 per share, MCap: USD11,844 million, ALMARAI AB / 2280.SE