REG-TotalEnergies SE Brazil: TotalEnergies Sells Its Fuel Distribution Activities to SIM Distribuidora

TotalEnergies SEAnnouncement

18/10/2024 12:15

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Brazil: TotalEnergies Sells Its Fuel Distribution Activities to SIM
Distribuidora

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed an agreement to sell
its fuel distribution activities in Brazil to SIM Distribuidora, a Brazilian
company. The transaction involves a network of about 240 filling stations and
several storage facilities for petroleum products and ethanol.

SIM Distribuidora, one of the recognized players of the fuel distribution
business in Brazil, belongs to Grupo Argenta, which has more than 500 service
stations, lubricants and aviation activities.

This sale reflects the selective strategy of TotalEnergies in Marketing &
Services in the retail network business focussed on core geographies with
significant market share positions. The Company will retain its lubricants
blending and distribution activities in Brazil.

The acquisition remains subject to authorization by the relevant authorities.

***

About TotalEnergies in Brazil

TotalEnergies has been operating in Brazil for almost 50 years, through five
subsidiaries, and today employs more than 3,500 people in its business
segments, in Exploration & Production, gas, renewable electricity (solar
and wind), lubricants and chemicals. TotalEnergies' Exploration &
Production portfolio currently includes 11 licenses, of which 4 are operated.
In 2023, the Company's average production in the country will reach
approximately 140,000 barrels of oil equivalent per day. TotalEnergies is
investing in the growth of the renewable energy segment in Brazil. In October
2022, the company entered into a partnership with Casa dos Ventos, Brazil's
leading renewable energy player, to jointly develop a 12 GW renewable energy
portfolio.

About TotalEnergies

TotalEnergies is a global integrated 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 provide as many
people as possible with energy that is more reliable, more affordable and more
sustainable. Active in about 120 countries, TotalEnergies places
sustainability at the heart of its strategy, its projects and its operations.

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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 

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



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