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...
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