(Reuters) – Kuwait Food Company (Americana) is not aware of any potential stake sale by its majority shareholder, its chairman said on Sunday.
Sources told Reuters on Thursday that Kuwait’s billionaire al-Kharafi family was looking to sell Americana and had hired bankers to explore a deal.
“We don’t know anything about anything on this subject,” Americana Chairman Marzouk al-Kharafi told journalists on the sidelines of an annual general meeting in Kuwait.
Read more
Photo: Marzouk Al-Kharafi