Citadel Seeks More Capital
Egypt’s Citadel Capital has received regulatory approval from the Egyptian authorities to ask its shareholders to approve plans to raise $528mn in order to acquire a majority stake in companies in which it currently invests.
Citadel has billed itself as the “leading private equity firm in the Middle East and Africa with $9.5bn of investments under control.” But it is in the process of transforming itself from a...
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