Saturday, June 18, 2016

UPDATE 1-Dubai group pays $2.4 bln for control of Kuwait's Americana

DUBAI, June 18 (Reuters) - An investment group led by

prominent Dubai businessman Mohamed Alabbar has agreed to buy a

majority stake in Kuwait Food Co (Americana) from the

Kharafis, a wealthy Kuwaiti merchant family, for about $2.4

billion.

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