Americana chairman sees no impediments to stake sale
Kuwait Food Company (Americana) [FOOD.KK] chairman Marzouk al-Kharafi said that the company is nearing completion of the sale of a controlling stake (69%) to UAE-based consortium Adeptio. Adeptio did not extend its due diligence for the deal which the chairman said was a “positive sign”, adding that he does not anticipate any regulatory hurdles for the deal. (Reuters)
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