VOL. XXXIII

NO. 10

11-December-1989

Financial and Banking News

Investment Activities

Kuwait Foods Buys Stake in UK Retailer

The Kuwait Foods Company (Americana), a local publicly quoted company with anend-1988 market capitalization of $123mn and a government shareholding estimatedat 10-15%, has purchased nearly 12% of the shares of a newly-floated Britishfood retailer, the Leeds-based Harry Ramsden's. Kuwait Foods owns the Safewayssupermarket franchise in Kuwait as well as those of Wimpy, Kentucky...