Kuwait Foods board to meet today to get approval for Adeptio to carry due diligence
Kuwait Food Company (Americana) said that its board would meet on Monday to discuss the details of the sale of a controlling stake in the company to an investment firm led by UAE based businessmen. Last week the investment firm, Adeptio LLC – a Dubai based investor group led by Emaar’s Chairman, said that it had signed an initial agreement to buy a 69% stake in Americana from Al Khair holding company, which is owned by Kuwait's al-Kharafi family. (Reuters)
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