Americana denies knowledge of acquisition offers
Kuwait Food Co (Americana) has said it had no knowledge of any firms interested in buying its business, contrary to recent media reports, Reuters has reported. “The administration of the company has no knowledge of this matter. The administration of the company has also not received any offers regarding it,” the firm said in a bourse filing. Last week, a report by Bloomberg, citing unnamed people familiar with the matter, said that private-equity firms KKR & Co LP and TPG Capital were among groups looking to buy a majority stake in the food retailer.