Tuesday, 12 December 2017 04:18 GMT
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Citadel Capital sees aggressive asset sales

(MENAFN - Khaleej Times) Speaking in an interview at the WEF in Davos, Heikal said the assets will fetch "good valuations" as investors welcome a government plan to return to democracy after the army ousted President Mohamed Mursi in July



Completion of the 3.64 billion Egyptian pound ($523 million) rights offering may be delayed until mid-March for regulatory reasons. "The money is there," he said



"You will see us aggressively making disposals," he said. Citadel may also "make incremental investments in companies we already own," he said



"We are very bullish on Egypt," Heikal said



"The risk-return trade-off in Egypt is a fantastic one," he added


Citadel Capital sees aggressive asset sales

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