Saudi Savola says JP Morgan to advise on possible stake buy in Americana

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DUBAI, Sept 16 (Reuters) - Saudi Arabia's Savola Group has appointed JP Morgan to advise on its potential purchase of a stake in Kuwait Food Co (Americana), the Jeddah-based firm said on Tuesday. Savola previously said in August it had held preliminary talks with one of Americana's largest shareholders about buying a stake in the rival food producer. At the time, Savola did **t name the shareholder, but Kuwait's al-Kharafi family owns 67 percent of Americana, according to Reuters data. In Tuesday's bourse statement, Savola also said it had **t yet signed any agreement to invest in Americana. ...

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