Middle East Pizza Hut Operator Adds Morgan Stanley to IPO
- Americana is backed by Saudi Arabia’s Public Investment Fund
- Firm is looking to raise about $1 billion in dual listing
Photographer: Daniel Acker/Bloomberg
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The operator of KFC and Pizza Hut restaurants across the Middle East and North Africa has added Morgan Stanley to work on a planned initial public offering that could value the firm at around $8 billion, according to people familiar with the matter.