Egypt-based private equity firm B Investments has entered into an agreement to sell 20% of its stake in Total Egypt to Total Outre-Mer for a total consideration of approximately EGP 146 million (about $9.3 million), in accordance with the exit terms pre-agreed with Total at the time of the investment in Total Egypt.

Following the completion of this transaction, B Investments’ stake in Total Egypt will drop from 7.97% to reach 6.38%.

“This transaction marks an important miles...