Kuwait – Mubasher: Kuwait Food – Americana said it completed all the conditions related to finalising its deal with Al Khair for Stocks and Real Estate.

Under the deal, Adeptio will buy Al Khair group's stake in Americana’s stake .

In June, investment firm Adeptio, led by prominent Dubai businessman Mohamed Alabbar, agreed to buy 69% of Americana from Al Khair for Stocks and Real Estate, which is controlled by the Kharafis, a wealthy merchant family.

Americana, which owns the Middle East franchises for fast food chains KFC and Pizza Hut and also produces branded consumer foods, has been up for sale since early 2014.

The stake would be worth $2.15 billion based on Americana's current market value of $3.11 billion, according to earlier news reports.