Citadel completes $530m investments

February 17, 2014 12:27 am

Citadel Capital, the Egyptian private equity firm has announced the completion of EGP3.7bn ($530m) programme of buying additional stakes in its subsidiaries, Reuters has reported. The purchases are part of Citadel’s transformation into an investment company that will hold majority stakes in subsidiaries in five core industries: energy, transportation, agrifoods, mining and cement, the firm said.