Citadel Capital may spend up to $500m
Egypt: Hisham El-Khazindar, managing director and co-founder of the Egyptian private equity firm Citadel Capital, told Bloomberg that the company may spend as much as $500m in industries including mining and agriculture in the second half of the year as asset prices become more attractive in the Middle East and Africa. He said sellers' expectations 'are now at reasonable levels vis-à-vis the inflated expectations that may have existed a year, a year and a half ago'. [AMEInfo.com]
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