Saudi PIF shortlisted as bidder for stake in Starbucks Mideast

Saudi PIF shortlisted as bidder for stake in Starbucks Mideast

FILE PHOTO: A cup of coffee rests on a counter at a Starbucks coffeehouse in Austin, Texas, U.S., February 10, 2017. REUTERS/Mohammad Khursheed/File Photo

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), 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.