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Kuwait Foundry exits stake in Americana

Kuwait Foundry exits stake in Americana
Photo Credit: Arabianeye-Reuters
KFOUC
KFOUC
1.33% 533.00 7.00
Americana
FOOD
0.00% 1,261.00 0.00

Mubasher: Kuwait Foundry has sold its entire stake in Kuwait Food – Americana to UAE’s Adeptio AD Investments.

The company noted that selling its stake to Adeptio generated a profit of KWD 5.71 million, according to a bourse statement issued on Monday.

At the stock level, Kuwait Foundry fell by 1.67% to reach 295 fils by the end of Monday’s session.