Egypt’s Citadel Capital bids farewell to private equity | beyondbrics:
"Citadel Capital has taken another step away from its private equity roots on Monday after it obtained regulatory permission to go ahead with a $528m share issue.
The group, which has $9.5bn under investment in Egypt and across Africa, is in the process of transforming its business model to that of an investment company, as the fallout from the turmoil of the Arab Spring continues to bite.
Citadel said it wants to focus on five core areas; energy, transportation, agrifood, mining and cement. It added it plans an “orderly exit” from non-core investments over a minimum of three years.
Proceeds from the share sale, should it go ahead, will be used to fund the acquisition of majority stakes in most of its subsidiaries."
'via Blog this'
No comments:
Post a Comment