B Investments Holding, a private equity firm, completed the sale of 26 million shares in Gourmet Egypt Dot Com for Foods for USD 8.02 million (EGP 416M). The shares were sold at an average price of around EGP 16 each. Thus, its stake in the company is now 33.5%. The transaction was disclosed to the Egyptian Exchange on September 22, 2026.
Why You Should Care
The transaction gives B Investments Holding USD 8.02 million (EGP 416M) in proceeds while leaving the company with a 33.5% stake in Gourmet. The disclosure therefore reflects a partial reduction in B Investments’ ownership rather than a full exit from the food company.
The Details
B Investments Holding sold 26 million shares in Gourmet, a premium grocery retailer, for a total consideration of USD 8.02 million (EGP 416M).
The transaction values the shares at an average of around EGP 16 each.
Following completion of the sale, B Investments Holding’s stake in Gourmet stands at 33.5%. The disclosure does not identify the buyer or provide further details on the use of the proceeds.
The Ripple
The transaction provides a new reference point for B Investments Holding’s valuation of its Gourmet investment. It also leaves B Investments with a substantial ownership position, meaning its financial exposure to Gourmet remains relevant after the transaction.
The transaction also provides a reference point for the value of the 26 million shares sold. However, the disclosure does not indicate any changes to Gourmet’s operations or management.
What to Watch
The next announcements from B Investments Holding could provide more clarity on the transaction, particularly the identity of the buyer and how the company intends to deploy the proceeds. Any subsequent changes to its Gourmet investment could also offer further insight into its approach to the asset.
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