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Announced

Completed

ADNOC completed the acquisition of a 50% stake in TotalEnergies Marketing Egypt from TotalEnergies for $186m.

Financials

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Transaction Value£154m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Majority

Friendly

fuel distributor

Acquisition

Cross Border

Single Bidder

Egypt

Industrial Distribution

Completed

Synopsis

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ADNOC, a fuel distributor and convenience store operator, completed the acquisition of a 50% stake in TotalEnergies Marketing Egypt, a fuel retail operator, from TotalEnergies, a multinational integrated energy and petroleum company, for $186m. “This Acquisition marks a significant milestone in ADNOC Distribution’s international growth story. Egypt is the Arab world’s most populous country and we look forward to entering such a dynamic market. The Acquisition is also well aligned with the Industrial Partnership for Sustainable Economic Growth between the UAE, Bahrain, Egypt, and Jordan and will leverage the strengths of both the UAE and Egypt to boost growth in the related markets," Sultan Ahmed Al Jaber, ADNOC Managing Director and CEO.

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