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Kuwait suspends Americana shares after talks revived

KUWAIT: The Kuwait stock exchange said yesterday that it was suspending shares in Kuwait Food Co (Americana) pending clarification of a media report.

Reuters reported on Wednesday, quoting sources familiar with the matter, that Americana was back in talks to sell a majority stake to a group of Gulf investors, Adeptio, just days after negotiations collapsed over valuation issues. Americana, Adeptio and Americana’s top shareholder did not respond to requests for comment

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