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.
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PE firm exits 20% of its stake in Total Egypt
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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.