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Original Headline

Egypt’s Citadel Capital to Invest US$ 200-400 Mn in 2010

Publication

Reuters

Publication Date

29 September 2009

Egyptian private equity firm Citadel Capital plans to invest US$ 200 million to US$ 400 million in 2010 and is looking for more opportunities in the rest of Africa, the firm’s Managing Director said on Tuesday. Marwan Elaraby also said Citadel Capital had slightly adjusted its investment strategy due to market uncertainty and liquidity considerations, and that for now the firm would probably focus on more gradual investments.