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Abraaj, KKR competing for stake in Saudi Arabia’s Kudu

US-based private equity firm KKR & Co (KKR) is competing with Abu Dhabi's Abraaj Group to acquire a majority stake in Saudi restaurant business Kudu, Bloomberg has reported, citing two people familiar with the transaction. The two firms reached the second stage of bidding to acquire about 60% of the fast-food chain, said the people. HSBC Holdings' Saudi unit is managing the sale of the business, which operates 200 outlets in the region, they said.