Citadel seeks stakes in Tahrir Television and newspaper at $ 12 m

Citadel seeks stakes in Tahrir Television and newspaper at $ 12 m

14 Jul 2011 11:41 AM
Arab Finance: Citadel Capital (CCAP) decided to increase its affiliate Tanweer’s capital by $ 12 million to be allocated to buy stake in both Tahrir Television and newspaper.
Such step comes in light of its expansion plan, which needs $ 240 million.
 It is worth noting that, Tahrir TV Channel is conducting negotiations with some investors and investment banks in order to increase its capital according to valuation will raise company’s value to LE 100 million.
Source: Alborsa newspaper