The Business Times
business-time-50
SUBSCRIBERS

Alabbar-led group's US$1.8b Americana deal collapses

google-preferred-sourceAdd BT as a preferred source
Published Sun, May 29, 2016 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Dubai

    A DUBAI-based investor group led by Emaar Properties PJSC chairman Mohamed Alabbar failed in its attempt to buy a 69 per cent stake in Middle Eastern fast-food operator Kuwait Food Co, the latest twist in an on-off sale process stretching back at least two years.

    "A final agreement has not been reached between Al Khair and the buyer, Adeptio, for all of Al Khair's shares in Americana," Al Khair National for Stocks and Real Estate LLC said in an e-mailed statement on Sunday. "Therefore, the two sides have agreed to end negotiations."

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    DBS filed the bankruptcy application after serving statutory demands to the directors of Autobahn Rent A Car in December 2025.

    Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS

    Loyang Valley sits on a 840,648 sq ft plot of land, which now houses 362 apartments.

    Loyang Valley sold for S$880 million to SingHaiyi-led consortium

    The price tag for the Nassim Road GCB works out to nearly S$4,550 per square foot.

    Nassim Road bungalow changing hands for S$64.9m 

    Property-based taxes may have limited room to run – and pushing them further risks hitting the wrong people, observers say.

    In taxing wealth, how far can Singapore push property owners?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More