In response to market speculation, Abraaj Capital confirmed today that following a review, it is no longer currently exploring a transaction with Citadel Capital, a private equity firm based in Cairo and listed on the Egyptian Exchange.
This does not preclude Abraaj Capital from exploring such a transaction in the future should performance, deal terms and/or circumstances change.
Abraaj Capital confirmed that it had been in exploratory discussions regarding a potential transaction with Citadel Capital senior management for the past two months.
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