February 6, 2023

BPE Partners announces that its flagship-managed investment vehicle “B Investments” has finalized the exit of its entire stake in TotalEnergies Marketing Egypt LLC for total proceeds of USD 28 million

BPE Partners is pleased to announce that its flagship-managed investment vehicle, B Investments, has finalized 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. 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”).

In 2013, B Investments acquired 7.97% of TotalEnergies Marketing Egypt through a capital increase which supported the company to increase its retail gas stations from 70 stations to 240 stations in 2022.