B Investments closes out Infinity Solar exit

B Investments Holding is clearing out its early-stage assets as it commits EGP 2-3 bn to a regional build-out over the next two years, BPE Partners Director Omar Barakat tells EnterpriseAM. The marker of the shift landed today: the firm’s board approved a full exit from the Infinity Solar 1, 2, and 3 power plants for USD 8.25 mn, leaving it with no remaining renewable-energy holdings, according to an EGX disclosure (pdf).

The exit closes out a nine-year investment. B Investments, alongside developer Infinity Solar and Germany’s Ib Vogt, took a stake in the three-plant, 130 MW Benban portfolio in 2017, per B Investments’ portfolio. Part of a project costing USD 190 mn, it was financed through equity and debt from the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC). With all three Benban stakes now sold, the firm holds no remaining Feed-in-Tariff-era or renewable power assets, Barakat tells EnterpriseAM.

IN CONTEXT- The energy exit is the latest in a run. B Investments sold its 6.38%stake in TotalEnergies Marketing Egypt for USD 27.6 mn plus a share of a combined USD 5.5 mn earnout in 2023. It also sold its 44.7% stake in Giza Systems to Saudi Telecom's Solutions by STC at a USD 119 mn equity valuation. It partially monetized another holding through Gourmet Egypt’s February 2026 EGX listing, selling down to 40% while keeping board influence. On the buy side, it took majority control of Orascom Financial Holding with a 70% stake in April 2024 and put EGP 560 mn into European Universities in Egypt (EUE), its first higher-education play.

Where the money goes: The firm is concentrating on four verticals — healthcare, education, food exports, and retail/F&B — and hunting acquisition targets in education beyond EUE, Barakat says, without naming them. The EGP 2-3 bn deployment runs across its holdings in the region: e-payments subsidiary Basata has expanded into Jordan, Oman, and Palestine through its acquisition ofMadfoatCom and is now eyeing Morocco and Saudi Arabia.

IN OTHER M&A NEWS

EGX- and ADX-listed Orascom Construction has extended the deadline to meet the outstanding conditions for its proposed merger with OCI Global to 30 December 2026, according to a disclosure (pdf). OCI is working to satisfy those conditions, including convening a shareholder meeting to vote on the combination — a process Orascom expects OCI to complete in 4Q 2026. The exchange ratio of 0.4634 Orascom Construction shares per OCI share, approved at January's EGM, remains unchanged.

BACKGROUND- The Cairo-born contractor and the Dutch-listed fertilizer producer — both backed by Egyptian bn’aire Nassef Sawiris — are looking to create what they bill as a global infrastructure and investment platform based in Abu Dhabi, with a USD 14 bn backlog. A Dutch court had blocked OCI from voting on its own side of the transaction, handing veto power to independent board members.

ICYMI- NNS Holding, the Cyprus-incorporated arm of Sawiris’ family office that backs Orascom, is pushing ahead with its voluntary allcash offer of EUR 4.10 per share for all of OCI’s shares, announced last month to break the deadlock. It has now submitted its draft offer memorandum to the Dutch Authority for Financial Markets for approval. OCI’s board is backing the offer, conditional on its combination with the wider Orascom transaction.