Adnoc Distribution closes acquisition of 50% stake in TotalEnergies Egypt
Adnoc Distribution now owns half of one of Egypt’s largest fuel retailers: Adnoc Distribution, the distribution arm of UAE’s state oil company Abu Dhabi National Oil Company, has completed its acquisition of a 50% stake in fuel retailer TotalEnergies Egypt, it said in a statement yesterday. The acquisition marks Adnoc’s entry into the Egyptian fuel distribution market. […]
B Investments sells its entire stake in TotalEnergies Egypt to Adnoc
B Investments exits TotalEnergies Egypt: BPE Partners’ B Investments has agreed to sell its entire 6.38% stake in TotalEnergies Egypt to TotalEnergies Marketing Afique (TEMA) for USD 27.6 mn, the company said in a statement. This came alongside a separate BPE Partners-backed vehicle’s exit of its 9% stake to TEMA for USD 39 mn, handing TEMA […]
ADNOC Distribution to acquire 50% stake in TotalEnergies’ Fuel Retail and Lubricants Business in Egypt
Delivering on its commitment to pursue attractive international growth, ADNOC Distribution signs an agreement to acquire a stake in a significant portfolio, which includes 240 fuel retail stations, wholesale fuel, aviation fuel and lubricants operations. c. $203 million investment is the largest in ADNOC Distribution’s history. The acquisition will accelerate ADNOC Distribution’s international growth following […]
TotalEnergies Takes Leading Position at Africa E&P Summit
Frontier and TotalEnergies are pleased to announce that TotalEnergies will take a leading position at the upcoming Africa E&P Summit – Africa’s Premier Global Oil, Gas & Energy Conference set to take place on the 22nd and 23rd September in London & Online.By partnering with Frontier, TotalEnergies is showing leadership in the African oil, gas & energy industry […]
TotalEnergies to develop a 100% renewable fuel for motorsport competition
TotalEnergies to introduce a 100% renewable fuel at the 24 Hours of Le Mans and at the FIA World Endurance Championship (WEC) TotalEnergies is developing a 100% renewable fuel for motorsport competition, to be introduced from next season at the FIA World Endurance Championship (WEC), including the 24 Hours of Le Mans 2022, and at […]
