{"id":549394,"date":"2022-09-15T04:00:11","date_gmt":"2022-09-15T04:00:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/15\/this-morning-b-investments-to-announce-decision-on-adnoc-bid-for-totalenergies-egypt-govt-to-launch-intellectual-property-strategy-next-week\/"},"modified":"2022-09-15T04:00:11","modified_gmt":"2022-09-15T04:00:11","slug":"this-morning-b-investments-to-announce-decision-on-adnoc-bid-for-totalenergies-egypt-govt-to-launch-intellectual-property-strategy-next-week","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/15\/this-morning-b-investments-to-announce-decision-on-adnoc-bid-for-totalenergies-egypt-govt-to-launch-intellectual-property-strategy-next-week\/","title":{"rendered":"THIS MORNING: B Investments to announce decision on Adnoc bid for TotalEnergies Egypt + Gov\u2019t to launch intellectual property strategy next week"},"content":{"rendered":"

Good morning, wonderful people, and a very happy THURSDAY to you all. <\/strong><\/p>\n

We feel a little bit as if we\u2019re swimming through molasses this morning <\/strong>after staying up way past our bedtime last night chewing over life, the universe and everything with a large group of you at the wonderful Villa M<\/a>. To everyone who attended: Thank you for your kindness \u2014 and your super-smart questions. And to everyone who chooses to start (or end) their days with us: We cannot thank you enough. Writing you is the highlight of our professional careers.<\/p>\n

We\u2019re also very excited this morning: The EFG Hermes One on One takes place in Dubai <\/strong>next week<\/strong>, and it\u2019s the first time since before the pandemic that the world\u2019s premier frontier and emerging markets investor conference will take place face-to-face.<\/p>\n

Do you live and work in Dubai? Want to have coffee next week? <\/strong>A bunch of us will be in town for the One on One. Drop us a line on patrick@enterprisemea.com<\/a> and let\u2019s see if our schedules can sync up.<\/p>\n

HAPPENING TODAY-<\/strong><\/p>\n

<\/a> M&A WATCH- It\u2019s decision day for B Investments:<\/strong> Expect an announcement today from the private equity player on whether it will preempt Adnoc\u2019s bid for TotalEnergies Egypt and acquire the shares itself.<\/p>\n

THE STORY SO FAR- Adnoc wants TotalEnergies Egypt: <\/strong>Adnoc\u2019s distribution arm in late July<\/a> agreed to acquire 50% of TotalEnergies Egypt for up to USD 203 mn. This includes a 34.6% stake owned by Total Energies Marketing Afrique (TEMA) and a 15.4% share held by B Investments.<\/p>\n

B Investments has the right of first refusal:<\/strong> B Investments\u2019 shareholder agreement gives it the right to pre-empt Adnoc\u2019s bid and acquire TEMA\u2019s shares for itself \u2014 but has to come to a decision within a specified period of time.<\/p>\n

Now it\u2019s deadline day:<\/strong> The company has been deliberating on what to do for the past 6.5 weeks and has to decide whether to acquire TEMA\u2019s shares or allow Adnoc to proceed with the acquisition.<\/p>\n

Speaking of TotalEnergies: We don\u2019t think the company gets enough tub-tubs <\/strong>for breaking the gender barrier by employing so many women at its filling stations. More of this, please, from all of us \u2014 in every sector.<\/p>\n

THAT\u2019S NOT THE ONLY DEADLINE today:<\/strong><\/p>\n