Arab Today, arab today citadel capital to sell 100 stake in npc egypt
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Citadel Capital to sell 100% stake in NPC Egypt

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Arab Today, arab today Citadel Capital to sell 100% stake in NPC Egypt

Cairo - Arabstoday

Citadel Capital Opportunity — Specific Fund has signed a share purchase agreement to sell 100% of its interest in National Petroleum Company Egypt Limited (NPC Egypt), a wholly owned Portfolio Company, to Sea Dragon Energy (Sea Dragon), a Calgary-based exploration and development company. Sea Dragon announced on  February 24, 2012 that it is revisiting the terms of the share purchase agreement and intends to withdraw its preliminary short form prospectus (dated January 6, 2012) for a public offering of subscription receipts for CAD 75 million ($ 75.2 million) contemplated originally to fund.

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