CAIRO, March 19 Citadel Capital is in
talks to sell its 66.1 percent ownership in the Sudanese
Egyptian Bank as part of a program to shed non-core assets, it
said in a statement on Wednesday.
Citadel is narrowing its focus to energy, transport,
agrifoods, mining and cement and plans to gradually shed
holdings outside those areas over the next few years and convert
it into a holding company from a private equity firm.
The firm, which has $9.5 billion under management, includes
holdings in dozens of companies, mainly in Egypt, east and north
Africa, has suffered losses over the past two years partly due
to Arab world turmoil.
(Reporting by Noah Browning, editing by Louise Heavens)