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0A30 Totalenergies Se

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Share Name Share Symbol Market Type Share ISIN Share Description
Totalenergies Se LSE:0A30 London Ordinary Share TOTAL ADR REPSG ONE ORD (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 219.47B 21.38B 8.2175 6.53 0

TOTALENERGIES SE: Service Stations in Europe: TotalEnergies Closes its Deals with Alimentation Couche-Tard for EUR3.4 billion

04/01/2024 7:00am

UK Regulatory


TIDMTTE 
 
 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has completed today the implementation of the agreements signed in March 2023 with Alimentation Couche-Tard ("Couche-Tard"). The transaction, based on an enterprise value of EUR3.1 billion (equivalent to more than 15 years of net cash flow on a post-tax basis), was finalized in two steps, on December 28(th) , 2023, with the transaction related to the network in Germany and on January 3(rd) , 2024, with the transactions related to the networks in the Netherlands, Luxembourg, and Belgium.

 

TotalEnergies received a total cash consideration after adjustments and before tax of EUR3.4 billion (approximately $3.8 billion, including approximately $2.4 billion in December 2023).

 

As announced, the transaction involved TotalEnergies' retail networks in the following countries:

   --  In Germany and the Netherlands, TotalEnergies sold 100% of its networks 
      to Couche-Tard. 
 
   --  In Belgium and Luxembourg, TotalEnergies and Couche-Tard formed a joint 
      venture (TotalEnergies 40%, Couche-Tard 60%). 
 

TotalEnergies will continue to supply fuel to the service stations in these four countries for at least five years, notably from its refineries in Antwerp (Belgium) and Leuna (Germany).

 

About TotalEnergies

 

TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, more sustainable, more reliable and accessible to as many people as possible. Active in nearly 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

 
   @TotalEnergies   TotalEnergies   TotalEnergies   TotalEnergies 
 

Cautionary Note

 

The terms "TotalEnergies", "TotalEnergies company" or "Company" in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words "we", "us" and "our" may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. TotalEnergies SE has no liability for the acts or omissions of these entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).

TotalEnergies

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR

 

Investors Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240103445167/en/

 
    CONTACT: 

TotalEnergies SE

 
    SOURCE: TotalEnergies SE 
Copyright Business Wire 2024 
 

(END) Dow Jones Newswires

January 04, 2024 02:00 ET (07:00 GMT)

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