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Dubai group pays $2.4 billion for control of Kuwait's Americana
An investment group led by prominent Dubai businessman Mohamed Alabbar has agreed to buy a majority stake in Kuwait Food Co from the Kharafis, a wealthy Kuwaiti merchant family, for about $2.4 billion. Under a legally binding agreement with Al Khair National for Stocks and Real Estate, controlled by the…
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Click here to read the full story: Reuters