ZAWYA: Americana Restaurants in talks to buy stake in Dubai’s Cravia

About this update from Americana Restaurants International Plc

Staff WriterAmericana Restaurants International has said it is in early stages of talks to acquire a stake in Dubai-based Cravia Inc, the operator of brands such as Zaatar W Zeit, Five Guys and Cinnabon in the Middle East.Americana did not disclose details about the size of the potential stake or the expected timeline for the transaction.A report by Bloomberg last week suggested that the stake in Cravia may be acquired from its current private equity owner, Fajr Capital.According to data from LSEG, Americana is 66% owned by Adeptio AD Investment SPC, a joint venture between Emaar founder Mohamed Alabbar and Saudi Arabia’s Public Investment Fund (PIF). (Writing by Brinda Darasha; editing by Seban Scaria) [email protected] Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

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