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Alabbar-Led Group’s $1.8 Billion Americana Acquisition Collapses

  • The two sides have agreed to end negotiations.”
  • The deal had culminated a sale process in which Kuwait’s Al-Kharafi family had tested investor interest in the company without concluding a deal.
  • A Dubai-based investor group led by Emaar Properties PJSC Chairman Mohamed Alabbar failed in its attempt to buy a 69 percent stake in Middle Eastern fast-food operator Kuwait Food Co., the latest twist in an on-off sale process stretching back at least two years.
  • Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
  • Sale process for fast-food chain been in place for 2 years

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@ZainabFattah: “Alabbar-Led Group’s $1.8B Americana Acquisition Collapses via @business via @StefaniaBianchi @ZainabFattah #Kuwait”


A Dubai-based investor group led by Emaar Properties PJSC Chairman Mohamed Alabbar failed in its attempt to buy a 69 percent stake in Middle Eastern fast-food operator Kuwait Food Co., the latest twist in an on-off sale process stretching back at least two years.


Alabbar-Led Group’s $1.8 Billion Americana Acquisition Collapses