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...
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