{"id":552600,"date":"2022-09-15T13:19:43","date_gmt":"2022-09-15T13:19:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/15\/this-evening-govt-offering-investments-in-state-owned-hospitals-to-private-sector-b-investments-cites-legal-issues-in-tema-transfer-notice-for-totalenergies\/"},"modified":"2022-09-15T13:19:43","modified_gmt":"2022-09-15T13:19:43","slug":"this-evening-govt-offering-investments-in-state-owned-hospitals-to-private-sector-b-investments-cites-legal-issues-in-tema-transfer-notice-for-totalenergies","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/15\/this-evening-govt-offering-investments-in-state-owned-hospitals-to-private-sector-b-investments-cites-legal-issues-in-tema-transfer-notice-for-totalenergies\/","title":{"rendered":"THIS EVENING: Gov\u2019t offering investments in state-owned hospitals to private sector + B Investments cites \u201clegal issues\u201d in TEMA transfer notice for TotalEnergies"},"content":{"rendered":"

Happy THURSDAY, friends. <\/strong>It\u2019s a much calmer end to the week than we had expected, judging by the newsflow over the past couple of weeks.<\/p>\n

THE BIG STORIES TODAY<\/strong><\/p>\n

<\/a> State-owned hospitals up for private sector grabs?<\/strong> The government is offering up investments to at least three state-owned hospitals to private sector players through usufruct agreements, management rights, or development of the assets, Bloomberg Asharq<\/a> quotes Health Ministry spokesperson Hossam Abdel Ghaffar as saying. The offering comes as the government is looking to double private sector participation in the economy over the next three years through its state ownership policy document<\/a>. The document indicates that healthcare infrastructure is a sector the government sees as strategic, but would allow the private sector to increase its ownership in the sector.<\/p>\n

B Investments is \u201cnot in a position\u201d to decide whether it will preempt Adnoc\u2019s bid for<\/strong> TotalEnergies Egypt<\/strong> and acquire the shares itself due to \u201cunresolved legal issues<\/strong> relating to the validity\u201d of the transfer notice from Total Energies Marketing Afrique (TEMA), B Investments said in a disclosure (pdf)<\/a> today. B Investments is currently in discussions with TEMA, which holds a 34.6% stake in TotalEnergies Egypt, regarding these issues, according to the disclosure.<\/p>\n

CLARIFICATION- This story was amended on 15 September, 2022 to clarify that B Investments is citing legal issues in the transfer notice from TEMA as part of Adnoc\u2019s bid for TotalEnergies Egypt. The issue is not with the bid itself. <\/em><\/p>\n

THE BIG STORY ABROAD<\/strong><\/p>\n

It\u2019s a mixed bag of nuts in the international business press this afternoon.<\/strong> A \u201ctentative\u201d agreement the US government has reached with freight rail companies and unions has staved off a workers\u2019 strike, the New York Times<\/a> and Reuters<\/a> report. Meanwhile, a changing of the guard at Shell is getting ink from CNBC<\/a> and the Financial Times<\/a>: CEO Ben van Beurden is set to step down from his position at the end of the year, at which point the energy giant\u2019s renewables director Wael Sawan will take over.<\/p>\n

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** CATCH UP QUICK<\/strong> on the top stories from today\u2019s EnterpriseAM<\/strong>:<\/p>\n