20 June 2016
Kuwait Food Company
Financing / Loan
Buyers of Kuwaiti food group Americana aim to secure $1.65 bln loan By Reuters June 22, 20165:21 PM GMT+3Updated June 22, 2016 DUBAI, June 22 (Reuters) - Gulf-based Adeptio is in advanced talks with banks to secure a $1.65 billion bridge loan to fund its purchase of a majority stake in Kuwait Food Co (Americana), banking sources told Reuters on Wednesday. Americana owns the Middle East franchises for fast food chains KFC and Pizza Hut and also produces branded consumer foods. Get a daily digest of breaking business news straight to your inbox with the Reuters Business newsletter. Sign up here. Adeptio said on Saturday it had agreed to buy all the shares held by Al Khair National for Stocks and Real Estate, controlled by the Kharafi family, in Americana at 2.650 dinars each.