Americana Group to exit Kuwait bourse today

23/04/2018 Argaam

 

Kuwait Food Co. (Americana) will voluntarily delist its shares from Kuwait Stock Exchange (KSE) today.

 

Last June, the company’s ordinary general meeting approved the delisting from Kuwait bourse.

 

Dubai-based investment consortium Adeptio owns 93.4 percent of Americana, which has operations across 13 countries and owns the Middle East franchises for fast food chains KFC and Pizza Hut.

 

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) currently holds an indirect stake in the Kuwaiti company. The PIF bought a 50 percent of Adeptio in 2016 from the GCC consortium.

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