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Friday, 27 November 2009 11:11 UAE time

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Abraaj buys Egyptian Fertilisers for $1.4bn

by Reuters on Thursday, 31 May 2007

Abraaj Capital of the United Arab Emirates has bought 100% of Egyptian Fertilisers Company for $1.4 billion, an official of the Egyptian company said on Thursday.

The official, who asked not to be named, said Abraaj Capital had bought the fertiliser company from Citadel Capital, a Cairo-based investment company.

Arif Naqvi, Abraaj's chief executive officer, could not immediately be reached. Citadel officials were not available to comment.

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READER COMMENTS

  1. Deal sought on Dubai World, Nakheel debts 19
    27 Nov ' 09 at 09:44
    Sultan what you are suggesting for them to do is called propaganda. True journalists didn't get into this profession to write fluff to...   More  »
  2. UAE real estate market has now hit bottom - analysts 04
    27 Nov ' 09 at 00:48
    Arabian Business has serious credibility issues to serve up this slop after Dubai has just defaulted. What expert analysts? Send them...   More  »
  3. Dubai debts crisis: latest news 02
    27 Nov ' 09 at 09:52
    Dubai will evolve and will be back stronger than ever before.For those of you with good memories, Russia defaulted on their GKOs in...   More  »

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