Release from B Investments Holding S . A . E (BINV.CA)
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Company Name : B Investments Holding S . A . E
ISIN Code : EGS691T1C010 Reuters Code : BINV.CA Content : Release from the company concerning the sale of its entire stake of 6.38% in TotalEnergies Marketing Egypt LLC (“TE”) to TotalEnergies Marketing Afrique SAS (“TEMA”) for a total consideration of USD 27.6 million (translating into a total company equity value of USD 433 million). Furthermore, B Investments is eligible for an additional amount equal to USD 2.2 million subject to certain milestones concerning TEMA’s transaction with Abu Dhabi National Oil Company for Distribution (“ADNOC”). Release from the Company in Arabic (290 KB) Release from the Company in English (273 KB) |
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