By: Ahmad Awad

Kuwait – Mubasher: The shares offered in the compulsory acquisition by Adeptio of the remaining shares of Americana totalled 122 million which represents 92% of the company’s overall shares offered in the takeover, sources told Mubasher.

The value of the shares traded in the acquisition deal amounted to KWD 323 million ($1.06 billion).

Americana’s shares offered for purchasing totalled 133 million at KWD 2.65 a share, forming 33.2% of the Kuwaiti firm’s stake.

On 28 November, 2016, the Public Investment Fund of Saudi Arabia said it would buy 50% stake in Adeptio holding limited from the UAE businessman Mohamed Alabbar.