Savola Group appointed on May 19 JPMorgan Chase & Co as financial advisor for a non-binding bid for the $4.3 billion Kuwaiti Americana, the operator of KFC restaurants in the Middle East and North Africa, Savola revealed in a statement to the Saudi bourse, Tadawul.
People familiar with the talks revealed yesterday that Savola had appointed JPMorgan to advise on its bid to buy Americana, according to Argaam.
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