Financing deal for Egyptian refinery to close in Q2

17 March 2010

Egypt-based private equity firm Citadel Capital expects to close a $2.2bn financing deal related to an Egyptian refinery in the second quarter, Reuters has reported. Financing for the project, a greenfield refinery in partnership with Egyptian General Petroleum Corp, will include $900m from state-run Japan Bank for International Cooperation, Ahmed El Houssieny, a managing director at Citadel said at a conference in Dubai.

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