Citadel Capital Says to Establish a new Energy Entity

Citadel Capital (CCAP.CA), the leading investment company in Africa and the Middle East, announced on Tuesday it is in the process of establishing an energy firm to consolidate its entire energy assets. In a statement to the Egyptian Exchange (EGX), Citadel noted that it is currently in serious negotiations with international institutions to take part in establishing this new entity.

This move comes within the framework of the Group’s strategy to focus its investments in 5 main sectors which are energy, food industry, cement, mining and transportation.