Americana Restaurants in Talks To Buy Stake in Dubai’s Cravia

Americana 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).