Deals
Saudi Arabia Supermarket Chain Danube Said to Plan Stake Sale
- Deal would value Jeddah-based Danube at about $2 Billion
- Bahrain-based buyout firm Investcorp said in talks for stake
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Saudi Arabian supermarket chain Danube Co. Ltd is seeking to sell a stake in a deal that would value the business at about $2 billion, according to two people with knowledge of the matter.
Bahrain-based Gulf International Bank BSC is advising Danube’s owners, the Jeddah-based Bin Dawood Group, on the sale, the people said, asking not to be identified as the information is private. Investcorp Bank BSC, also based in Bahrain, is in talks to buy a stake of about 20 percent, the people said.