Brazil’s BRF, the biggest food maker by market value in Brazil, is making a joint bid with KKR and CVC Capital Partners for Kuwait Food Company (Americana).

The consortium announced that it has appointed Goldman Sachs and HSBC to advise them on their joint bid for a majority stake in Americana , according to Retures.

The consortium is bidding for the whole company, which would then be split between buyers if the deal is successful , said news reports.

The Brazilian company is interested in the food manufacturing business of Kuwait Food, which includes about 1,500 KFC and Pizza Hut outlets in the MENA region.

The bid news were initially broke in April stating that Americana majority shareholder the Al Kharafi family was working with investment bank Rothschild to approach potential buyers.

Meanwhile, on early September well-informed sources revealed that Saudi -based Savola Group has appointed JPMorgan Chase & Co to advice on a potential bid of around $4.3 billion for Kuwait Food business - Americana.

Americana in its turn , said its major shareholder Al Khair National for Stocks and Real Estate has recently appointed number of advisers and financial consultants to look at different strategic options, which included action related to its holding in one of the Gulf's largest food firms.

Al Khair National for Stocks and Real Estate Co is owned by the al-Kharafi family, the majority shareholder in Americana.