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TransCentury sells Rift Valley Railways stake to Egypt’s Citadel

Reuters – Kenya’s TransCentury said on Tuesday that it has sold its 34% stake in Rift Valley Railways (RVR) to Egyptian private equity firm Citadel Capital. Citadel said it bought the shares for $37.8m, raising its stake to 85%. Uganda’s Bomi Holdings owns the rest. RVR, operator of the sole rail line linking Kenya’s Indian …

Daily News Egypt

Egypt’s Citadel to sell Sudanese Egyptian Bank

Reuters – Citadel Capital is in talks to sell its 66.1% ownership in the Sudanese Egyptian Bank as part of a programme to shed non-core assets, it said in a statement on Wednesday. Citadel is narrowing its focus to energy, transport, agrifoods, mining and cement and plans to gradually shed holdings outside those areas over …

Daily News Egypt

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