Americana confirms main shareholder in talks to sell stake - report
Americana has confirmed its main shareholder is in talks with "various parties" to sell its stake in the business
Kuwait Food Co. has reportedly confirmed major shareholder, Al Khair National for Stocks and Real Estate Co., is in preliminary talks with "various parties" to sell its stake in the business.
According to Reuters, Al Khair did not identify the firms it was in talks with. It has also "stressed that no final agreement" has been reached.
Al Khair is owned by the Al-Kharafi family which controls Kuwait Food Co., which trades as Americana. In September, Kuwait Food Co. spoke out regarding a change in ownership, confirming tht Al Khair was reviewing its portfolio including its stake in the food company - the first time it commented since speculation broke out about its possible sale earlier this year.
Saudi's Savola Group in August announced it had held talks with the firm. Other companies that have been linked to the sale include private equity companies TPG Capital, Advent International, KKR and CVC.
Americana could not be reached for comment today (5 November) when approached by just-food.
- It won't just be Unilever to push for Brexit hikes
- Interview: UK trade body on Brexit's policy impact
- Danone's Q3 sales - what the analysts say
- Price an underlying tension across European FMCG
- Interview: UK trade body on the impact of Brexit
- PepsiCo sets 2025 nutrition, sustainability goals
- Nestle lowers outlook on "softer environment"
- China "transition" drags on Danone Q3
- UK announces "action plan" to drive food exports
- Farmers' groups slam Danone over non-GMO stance
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Omega-3 in Food and Beverage:Time for a Reboot?
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review
- Bakery (UK) - Industry Report
- Redefining Snacks: From Conventional Snacks to Snack Replacements