Citadel buys Rally Energy
Local private equity firm Citadel Capital has bought Canada's Rally Energy Corporation in a deal valued at CAD 877 million ($868 million). The shares in the firm were bought by Logria, a firm owned by National Petroleum Company which itself is owned by Citadel. The deal was partly financed by a $444 million senior debt facility, arranged by BNP Paribas, and a further $100 million worth of mezzanine debt.
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