Egypt's Citadel Capital will "aggressively" sell assets in "non-core" industries after it completes a capital increase, as it transforms itself from a private equity firm into an investment company, said chairman Ahmed Heikal . Speaking in an interview at the WEF in Davos , Heikal said the assets will fetch "good valuations" as investors welcome a government plan to return to democracy after the army ousted President Mohamed Mursi in July. Completion of the 3.64 billion Egyptian pound ( $523 million ) rights offering may be delayed until mid-March for regulatory reasons. "The money is there," he said. "You will see us aggressively making disposals," he said. Citadel may also "make incremental investments in companies we already own," he said. "We are very bullish on Egypt ," Heikal said. "The risk-return trade-off in Egypt is a fantastic one," he added.
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