Buyout groups CVC Capital Partners and Brookfield and two Abu Dhabi state funds have bid to buy a stake in the Middle East, North Africa and central Asia Starbucks franchise held by Alshaya Group, two sources familiar with the deal said.
The Alshaya-backed Starbucks’ franchise in the region has several hundred outlets in 14 countries including the Middle East, Russia, and some central Asian states, according to Alshaya’s website.
Bloomberg, which earlier reported the news, cited sources as saying the overall franchise could be worth $11 billion-$15 billion, with a 30% stake of the business on offer.
The Alshaya-backed Starbucks’ franchise in the region has several hundred outlets in 14 countries including the Middle East, Russia, and some central Asian states, according to Alshaya’s website.
Read more: Reuters
