Savola confirms hiring JP Morgan for potential $4.3 billion Kuwaiti Americana bid

16/09/2014 Argaam

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.

 Savola added that it had not disclosed the appointment of the financial advisor earlier because the group did not sign a memo of understanding regarding the potential deal.

People familiar with the talks revealed yesterday that Savola had appointed JPMorgan to advise on its bid to buy Americana, according to Argaam. 

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.