REG-TotalEnergies SE Service Stations in Europe: TotalEnergies Closes its Deals with Alimentation Couche-Tard for €3.4 billion

TotalEnergies SEAnnouncement

04/01/2024 07:00

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Service Stations in Europe: TotalEnergies Closes its Deals with Alimentation
Couche-Tard for €3.4 billion

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has completed today the
implementation of the agreements signed in March 2023
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with Alimentation Couche-Tard (“Couche-Tard”). The transaction, based on
an enterprise value of €3.1 billion (equivalent to more than 15 years of net
cash flow on a post-tax basis), was finalized in two steps, on December
28(th), 2023, with the transaction related to the network in Germany and on
January 3(rd), 2024, with the transactions related to the networks in the
Netherlands, Luxembourg, and Belgium.

TotalEnergies received a total cash consideration after adjustments and before
tax of €3.4 billion (approximately $3.8 billion, including approximately
$2.4 billion in December 2023).

As announced, the transaction involved TotalEnergies' retail networks in the
following countries:


 * In Germany and the Netherlands, TotalEnergies sold 100% of its networks to
Couche-Tard.

 * In Belgium and Luxembourg, TotalEnergies and Couche-Tard formed a joint
venture (TotalEnergies 40%, Couche-Tard 60%).

TotalEnergies will continue to supply fuel to the service stations in these
four countries for at least five years, notably from its refineries in Antwerp
(Belgium) and Leuna (Germany).

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.
TotalEnergies SE has no liability for the acts or omissions of these 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 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 

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
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Investors Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)



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