Citadel Capital In Talks To Sell Elmisrieen

By Yomna Yasser On Sep 20, 2012

In a release to the Egyptian Exchange (EGX), Citadel Capital (CCAP.CA) said the Group is holding negotiations with different parties to divest Misr October Food Industries – Elmisrieen, a wholly owned subsidiary of Citadel’s Gozour.

Citadel noted that it is not the first time to receive buyout offers for Elmisrieen. The results of these talks will be duly announced once concluded, the Group added.
Worth mentioning, Citadel Capital’s stock went down during EGX early session by 1.85% to hit EGP 4.25.