Egypt – B Investments Holding (BINV) has finalized the sale of its entire stake of 6.38% in TotalEnergies Marketing Egypt for $27.6 million, according to a company disclosure filed to the Egyptian Exchange (EGX) on February 7th.
Accordingly, B Investments is eligible for an additional amount of $2.2 million subject to certain actions regarding TEMA’s transaction with Abu Dhabi National Oil Company for Distribution (ADNOC).
Established in 2006, B Investments is an Egypt-based private equity firm and growth capital investor that pulls a wealth of expertise to actively create value in its portfolio of companies.
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