Total Closes the Sale of Non-Core UK Assets to NEO Energy
August 06 2020 - 2:53AM
Dow Jones News
Regulatory News:
Following the regulatory approvals and the agreement of
partners, Total (Paris:FP) (LSE:TTA) (NYSE:TOT) closed the sale of
UK North Sea non-core assets to NEO Energy.
"As announced on May 20, we have worked closely with HitecVision
and its portfolio company NEO Energy to conclude this sale. This
sale of assets contributes to the action plan currently being
implemented to address the economic crisis by focusing on cash
delivery and demonstrates our ability to relentlessly lower the
breakeven of our portfolio," declared Jean-Pierre Sbraire, Chief
Financial Officer of Total.
The detailed transition plan prepared with NEO Energy will
ensure a smooth transfer of operations.
About Total
Total is a broad energy company that produces and markets fuels,
natural gas and low-carbon electricity. Our 100,000 employees are
committed to better energy that is safer, more affordable, cleaner
and accessible to as many people as possible. Active in more than
130 countries, our ambition is to become the responsible energy
major.
Cautionary Note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TOTAL SE. directly or indirectly owns investments are separate
legal entities. TOTAL SE. has no liability for their acts or
omissions. In this document, the terms "Total", "Total Group" and
Group are sometimes used for convenience. Likewise, the words "we",
"us" and "our" may also be used to refer to subsidiaries in general
or to those who work for them.
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 TOTAL 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.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200805006133/en/
CONTACT: Total Contacts
Media Relations: +33 1 47 44 46 99 l presse@total.com l
@TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com
SOURCE: TOTAL
Copyright Business Wire 2020
(END) Dow Jones Newswires
August 06, 2020 02:38 ET (06:38 GMT)
TotalEnergies (EU:TTE)
Historical Stock Chart
From Aug 2024 to Sep 2024
TotalEnergies (EU:TTE)
Historical Stock Chart
From Sep 2023 to Sep 2024