Kuwait – Mubasher: National Investments Company said Sunday that it has finalised the procedures of selling 66.790% of Kuwait Food – Americana’s shares on 20 October.
Under the deal, UAE’s Adeptio will buy Al Khair for Stocks and Real Estate Company’s stake in Americana’s stake for KWD 711,515 million.
National Investments said that the deal was executed via its subsidiary, Al Seef Brokerage Company, for a commission of KWD 1.4 billion, of which 70% will got to Al Seef Brokerage, according to a bourse filing.
The financial impact of the deal on National Investments cannot be measured yet, the statement added.
