Citadel Capital, one of the largest private equity firms in Africa and the Middle East acquired a 49% stake in Sheltam Railways Company, the largest single shareholder and lead investor in Rift Valley Railways of Kenya and Uganda.
Sheltam owns 35% of Rift Valley Railways and the transaction gives Citadel Capital an effective ownership of 17.5% of RVR. Citadel Capital will look to inject more than $150 million in Kenya Uganda Railways over the coming five years.
Citadel Capital is listed in the Middle East Investors Directory with the code EM08.
Their full press release follows
Previous Post: Al Rajhi Capital and Arcapita launched $500 million Gulf real estate fund
Next Post: Abu Dhabi investors acquired 75.1% stake in Greek Skaramangas shipyards