Americana says talks on sale of Al Khair stake ongoing with various parties

15/01/2015 Argaam

Kuwait Food Co (Americana) said that AlKhair National for Stocks and Real Estate Co., which owns 66.8

​ percent​ of the foodstuff producer, is in talks with various parties to sell its stake in Americana.


“We’re close to studying strategic options to assess our holding in Americana,” but we have not yet received any binding offers, the company said.

No further details were disclosed.

Some agencies quoted sources as saying that the Americana sale has been stalled due to price differences, according to the data available on Argaam.  

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