Middle East Economic Survey

VOL. XLVIII

No 28

11-July-2005

Egypt

Egyptian Fertilizer Company Sold To Citadel Group Consortium

A consortium led by the Citadel Group has bought the Egyptian governments 46% stake in the Egyptian Fertilizers Company (EFC) with a bid of $501/share, making the deal would some $341.7mn, it was announced on 7 July. The other consortium members are National Fertilizer Company, Arabian Investments Company and Savola. The group beat an offer put forward by the Egypt Kuwait...