Private equity firm B Investment sells its 20% stake of Total Egypt to Total Outre-Mer

EGYPT – B Investments Holding, an Egypt-based private equity firm, has signed a contract to sell 20% of its stake in Total Egypt to Total Outre-Mer, France, for a total consideration of approximately EGP 146 million (US$9.3 million), in accordance with the exit terms pre-agreed with Total at the time of the investment in Total Egypt.  In a statement to the Egyptian Exchange (EGX), the company said that, after the deal’s completion, its stake in Total Egypt will decrease from 7.98% to 6.38%.  During the first nine months (9M) of 2020,…

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