TotalEnergies to Acquire Some of BP's Assets in Mozambique
January 31 2022 - 11:49AM
Dow Jones News
By Giulia Petroni
TotalEnergies SE on Monday said that it will acquire BP PLC's
retail network, wholesale fuel business and logistics assets in
Mozambique.
The French oil-and-gas major said the deal includes a network of
26 service stations, a portfolio of business customers and BP's 50%
share in Samcol, the logistics company that operates the Matola,
Beira and Nacala fuel-import terminals. Samcol was previously
jointly owned by TotalEnergies and BP.
The assets are complementary to TotalEnergies' existing network
of 57 service stations and current B2B business in the country.
Financial details weren't disclosed.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
January 31, 2022 11:34 ET (16:34 GMT)
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