Egypt's Citadel Capital expects to sell Sphinx Glass stake for $112m

Date: 15 May 2014

Buyer not yet revealed, but deal should generate over $70 million in profits after taxes, as company sheds regional assets.

Egypt's Citadel Capital said on Tuesday it has received an offer for its 73.3 percent stake in glass manufacturer Sphinx Glass for $112 million and expects a deal to be completed within two months.Read more http://english.ahram.org.eg/NewsContent/3/12/101179/Business/Economy/Egypts-Citadel-Capital-expects-to-sell-Sphinx-Glas.aspx Buyer not yet revealed, but deal should generate over $70 million in profits after taxes, as company sheds regional assets.

Egypt's Citadel Capital said on Tuesday it has received an offer for its 73.3 percent stake in glass manufacturer Sphinx Glass for $112 million and expects a deal to be completed within two months.

Read more http://english.ahram.org.eg/NewsContent/3/12/101179/Business/Economy/Egypts-Citadel-Capital-expects-to-sell-Sphinx-Glas.aspx

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www.english.ahram.org.eg

2014-05-15T13:00:00

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