| Singapore’s Temasek Holdings Pte has teamed up with Saudi Arabia’s Savola Group to bid for Middle Eastern fast-food operator Kuwait Food Co. in a deal that could be valued at between $4 billion to $5 billion, according to two people with knowledge of the matter.
Talks between the three companies are ongoing and a deal could be reached before the end of the year, the people said, asking not to be identified as the information is private. JPMorgan Chase & Co. is advising Savola, which has a market value of about $8.5 billion, on the talks, the people said...............................................Full Article: Source
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