{"id":581330,"date":"2023-02-08T00:00:00","date_gmt":"2023-02-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/08\/b-investments-finalizes-exit-from-totalenergies-egypt\/"},"modified":"2023-02-08T00:00:00","modified_gmt":"2023-02-08T00:00:00","slug":"b-investments-finalizes-exit-from-totalenergies-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/08\/b-investments-finalizes-exit-from-totalenergies-egypt\/","title":{"rendered":"B Investments finalizes exit from TotalEnergies Egypt"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<p><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">BPE Partners\u2019 B <\/span><span style=\"font-weight:700\">Investments has completed the <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/12\/26\/b-investments-exits-totalenergies-egypt-92145\/\" style=\"\">sale<\/a><\/span><span style=\"font-weight:700\"> of its entire 6.38% stake in TotalEnergies Egypt<\/span><span style=\"\"> to TotalEnergies Marketing Afrique (TEMA) for USD 27.6 mn, the company said in an <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/2\/B-Investments-7-2-2023-EN.pdf\" style=\"\">EGX<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/2\/B-Investments-7-2-2023-EN.pdf\" style=\"\">disclosure (pdf)<\/a><\/span><span style=\"\">. <\/span><span style=\"\">The transaction came alongside a separate BPE Partners-backed vehicle\u2019s exit of its 9% stake to TEMA for USD 39 mn, handing TEMA the two shareholders\u2019 combined 15.38% stake in TotalEnergies<\/span><span style=\"\">, a source close to the matter told Enterprise<\/span><span style=\"\">. <\/span><span style=\"\">The two transactions could bring in an additional USD 5.5 mn combined for the sellers if Abu Dhabi National Oil Company for Distribution (Adnoc) succeeds in closing its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/07\/31\/adnoc-is-buying-50-of-filling-station-chain-totalenergies-egypt-76795\/\" style=\"\">acquisition of a 50% stake<\/a><\/span><span style=\"font-weight:400;\"> in TotalEnergies Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Where does the Adnoc transaction stand?<\/span><span style=\"font-weight:700\"> <\/span><span style=\"\">Adnoc\u2019s distribution arm is set to finalize its 50% acquisition of TotalEnergies Egypt <\/span><span style=\"\">by the end of 1Q<\/span><span style=\"font-weight:400;\">, we\u2019re told. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">REMEMBER- B Investments has big plans for the proceeds: <\/span><span>The company<\/span><span> <\/span><span>intends to direct some of the proceeds of its exits from TotalEnergies Egypt and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/01\/22\/flush-after-exits-b-investments-targets-healthcare-food-sectors-94053\/\" style=\"\">Giza Systems<\/a><\/span><span><a href=\"https:\/\/enterprise.press\/stories\/2023\/01\/22\/flush-after-exits-b-investments-targets-healthcare-food-sectors-94053\/\" style=\"\">towards EGP 2 bn worth of investments<\/a><\/span><span> in<\/span><span> the healthcare and food sectors this year, including <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/01\/25\/sfe-b-investments-team-up-to-invest-egp-2-bn-in-healthcare-pharma-firms-94548\/\" style=\"\">through a new health investment partnership<\/a><\/span><span> with the Sovereign Fund of Egypt. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BPE Partners\u2019 B Investments has completed the sale of its entire 6.38% stake in TotalEnergies Egypt to TotalEnergies Marketing Afrique (TEMA) for USD 27.6 mn, the company said in an EGXdisclosure (pdf). The transaction came alongside a separate BPE Partners-backed vehicle\u2019s exit of its 9% stake to TEMA for USD 39 mn, handing TEMA the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":581331,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7363],"tags":[1703,140,93,72,7128,91,758],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-581330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-adnoc","tag-b-investments","tag-energy","tag-enterpriseam","tag-ma-watch","tag-oil-and-gas","tag-private-equity","wpautop","entry"],"acf":{"mongo_id":"caae4b10-c2bc-4ad7-a628-96db2d5f86a1","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/2\/TotalEnergies-Logo-1600px.jpg","photo_position":"below","homepage_title":"","full_issue_title":"","related_issue":[581321],"teaser":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>B Investments finalizes exit from TotalEnergies Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/08\/b-investments-finalizes-exit-from-totalenergies-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"B Investments finalizes exit from TotalEnergies Egypt\" \/>\n<meta property=\"og:description\" content=\"BPE Partners\u2019 B Investments has completed the sale of its entire 6.38% stake in TotalEnergies Egypt to TotalEnergies Marketing Afrique (TEMA) for USD 27.6 mn, the company said in an EGXdisclosure (pdf). 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The company\u2019s board said on Thursday in a regulatory filing (pdf) that it was \u201cnot in a position to respond\u201d by a 15 September deadline, citing \u201cunresolved legal issues related to the validity of\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/249.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548237,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/01\/b-investments-has-a-month-to-pre-empt-adnocs-play-for-half-of-totalenergies-egypt\/","url_meta":{"origin":581330,"position":1},"title":"B investments has a month to pre-empt Adnoc\u2019s play for half of TotalEnergies Egypt","author":"enterpriseam admin","date":"1 August 2022","format":false,"excerpt":"Could B Investments pre-empt Adnoc\u2019s bid for TotalEnergies Egypt? Private equity outfit B Investments is \u201cevaluating all options\u201d after Adnoc Distribution agreed to buy 50% of TotalEnergies Egypt last week, B Investments IR head Omar El Labban told Enterprise.B Investments is the only minority shareholder in TotalEnergies Egypt: Under the\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/97.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548881,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/25\/b-investments-now-has-until-mid-sept-to-mull-adnocs-bid-for-totalenergies-egypt\/","url_meta":{"origin":581330,"position":2},"title":"B Investments now has until mid-Sept to mull Adnoc\u2019s bid for TotalEnergies Egypt","author":"enterpriseam admin","date":"25 August 2022","format":false,"excerpt":"Filing error gives B Investments more time to respond to Adnoc\u2019s bid for TotalEnergies Egypt: B Investments has been granted an extension until 15 September to decide whether it will preempt Adnoc\u2019s bid to acquire 50% of TotalEnergies Egypt, the company said in an EGXdisclosure (pdf) yesterday. The private equity\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/389.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578355,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/26\/b-investments-exits-totalenergies-egypt\/","url_meta":{"origin":581330,"position":3},"title":"B Investments exits TotalEnergies Egypt","author":"enterpriseam admin","date":"26 December 2022","format":false,"excerpt":"B Investments sells entire stake in TotalEnergies Egypt: BPE Partners\u2019 B Investments has agreed to sell its entire 6.38% stake in TotalEnergies Egypt to TotalEnergies Marketing Afique (TEMA) for USD 27.6 mn, the company said in a statement (pdf). This came alongside a separate BPE Partners-backed vehicle\u2019s exit of its\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/516.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578994,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/22\/flush-after-exits-b-investments-targets-healthcare-food-sectors\/","url_meta":{"origin":581330,"position":4},"title":"Flush after exits, B Investments targets healthcare, food sectors","author":"enterpriseam admin","date":"22 January 2023","format":false,"excerpt":"EGX-listed private equity firm B Investments intends to invest EGP 2 bn in the healthcare and food sectors in 2023, Chairman Hazem Barakat reportedly told Bloomberg Asharq. The company hopes to close an acquisition of a healthcare company in 1Q 2023, while the transaction in the food sector is expected\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/358.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581592,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/16\/adnoc-distribution-closes-acquisition-of-50-of-totalenergies-egypt\/","url_meta":{"origin":581330,"position":5},"title":"Adnoc Distribution closes acquisition of 50% of TotalEnergies Egypt","author":"enterpriseam admin","date":"16 February 2023","format":false,"excerpt":"The acquisition marks Adnoc\u2019s entry into the Egyptian fuel distribution market","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/ADNOC-1600-px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/581330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=581330"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/581330\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/581321"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/581331"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=581330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=581330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=581330"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=581330"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=581330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}