B Investments Holding has successfully exited 20% of its stake in Total Egypt to Total Outre-Mer for EGP 146 million, reducing its ownership from 7.97% to 6.38%.

Information on the Target

Total Egypt is a prominent player in the Egyptian oil and gas sector, operating a substantial network of retail gas stations across the country. Since its establishment, the company has focused on expanding its operations and enhancing its service offerings to meet the growing demand for energy in Egypt.

As of 2020, Total Egypt had successfully increased its number of retail outlets from 70 in 2013 to 240, demonstrating significant growth and market penetration. This expansion aligns with Egypt's strategic focus on improving its energy infrastructure and enhancing fuel distribution networks.

Industry Overview in Egypt

The oil and gas industry in Egypt has long been a cornerstone of the country’s economy, providing employment opportunities and fueling other sectors. With significant resources, including the Zohr gas field,