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TotalEnergies mulls sale of German charging station business, The Pioneer reports

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Feb 27 - French oil major TotalEnergies  TTEF.PA is exploring the sale of its charging station business in Germany and is looking for a possible buyer, news site The Pioneer reported on Friday, citing a sales prospectus provided by consulting firm Roland Berger.

Total, which operates almost 80,000 EV charge points across Europe, is increasingly shifting to a partnership model as the pace of electrification is slower than the industry had hoped.

Total signed EV charging partnerships with La Banque des Territoires for France in October and Tikehau Capital TKOO.PA for Belgium and the Netherlands in February.

The sale prospectus for its German unit Total Energies Charging Solutions Deutschland mostly involves charging hubs being built under a government contract worth up to 152 million euros ($179 million), The Pioneer reported.

A spokesperson for TotalEnergies said the company does not comment on market rumours.

The unit operates over 7,000 charging stations in Germany and is building over 1,250 charging parks in 167 locations as part of the government contract, according to Total.

The European Commission in December unveiled a plan to drop the EU's effective ban on new combustion-engine cars from 2035, marking the bloc's biggest retreat from its green policies in recent years.

($1 = 0.8480 euros)

(Reporting by Alessandro Parodi; Editing by Matt Scuffham)

((Alessandro.Parodi@thomsonreuters.com;))

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