B Investments Holding is pleased to announce that it 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, in accordance with the exit terms pre-agreed with Total at the time of B Investments Holding investment in Total Egypt. […]
MNHD wants to open talks on merger with, or acquisition of, SODIC: The board of directors of Madinet Nasr Housing & Development (MNHD) has given its chairman the go ahead to open talks.
B Investments starts trading as its maiden earnings reported a net profit after tax and minority interest of EGP 133.2 mn for FY2017, a 152% y-o-y increase.
The retail tranche of BPE Holding for Financial Investments’ initial public offering was 84.4x oversubscribed when bookbuilding concluded on Monday.
The retail tranche of B Investment’s initial public offering was 84.4x oversubscribed when bookbuilding concluded at the close of yesterday’s session.
BPE Holding for Financial Investments (better known as B Investments) announced yesterday that it was taking the “final steps” in completing its listing on the EGX this month.
BPE Partners announced yesterday(pdf) that it reached financial close alongside Egypt’s Infinity Solar and Germany’s Ib Vogt gmbH on three solar power plants with a combined production capacity of 130 MW in Benban at a total cost of USD 190 mn.
BPE Partners and MM Group for Industry and International Trade (MTI) have together acquired 60% of TBE Egypt for Payment Solutions and Services (Bee) for EGP 156 mn
BPE Partners and MM Group for Industry and International Trade (MTI) have together acquired 60% of TBE Egypt for Payment Solutions and Services (Bee) for EGP 156 mn. The transaction was executed through Ebtikar for Financial Investment, a 50-50 joint venture between BPE Partners and MTI. Bee provides bill payment solutions through a secure network and has more than 35,000 outlets across Egypt.