REG-TotalEnergies SE TotalEnergies Signs an Agreement to Divest Its Minority Stake in National Petroleum Refiners of South Africa Refinery (Natref) to the Prax Group

TotalEnergies SEAnnouncement

01/12/2023 08:45

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TotalEnergies Signs an Agreement to Divest Its Minority Stake in National
Petroleum Refiners of South Africa Refinery (Natref) to the Prax Group

 

In line with its strategy to divest non-core assets, TotalEnergies (Paris:TTE)
(LSE:TTE) (NYSE:TTE) has announced the signature of an agreement to divest the
36.36% minority stake, held by TotalEnergies Marketing South Africa, in
National Petroleum Refiners of South Africa (Natref) to the Prax Group. The
transaction is subject to customary approvals, consents and authorisations.

Located at Sasolburg (Free State, South Africa), Natref refinery has a
capacity of 108 500 barrels of oil per day, supplies the main South African
inland market of Johannesburg area and is operated by a Joint Venture between
Sasol (63.64%) and TotalEnergies Marketing South Africa (36.36%).

“The transaction is in line with the Company strategy to focus on its large
integrated fuels & petrochemicals platforms and to divest its non-core
assets” commented Jean-Pierre Sbraire, Chief Financial Officer of
TotalEnergies.

TotalEnergies has been present in South Africa for nearly seventy years,
produces and markets a wide range of energies from fuels, biofuels, natural
gas and green gases, renewables and electricity and remains committed to its
operations in the country.

***

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.

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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.
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 Universal 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 Contacts 

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