DUBAI: Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, has been shortlisted to buy a stake in the Middle East, North Africa and central Asia Starbucks franchise held by Alshaya Group, two sources told Reuters.
Kuwait-based Alshaya Group, the region’s leading brand franchise owner, last year hired JPMorgan to sell a significant minority stake in the business. The sources said it could sell up to 30 percent, generating…
