REG-TotalEnergies SE TotalEnergies Sells Its Shares in Total Parco in Pakistan

TotalEnergies SEAnnouncement

06/08/2024 09:45

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TotalEnergies Sells Its Shares in Total Parco in Pakistan

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed an agreement to sell
its 50% stake in Total PARCO Pakistan Limited (TPPL) to Gunvor Group, a
leading global commodities trading company. The transaction reflects the
selective strategy of TotalEnergies in Marketing & Services focused on
core geographies with growth and transitioning opportunities.

TPPL is a 50/50 joint venture between TotalEnergies Marketing and Services and
Pak-Arab Refinery Limited (PARCO) in Pakistan with a retail network of more
than 800 service stations, fuel logistics, and lubricants activities.

The new entity will continue its retail business under the existing “Total
Parco” brand, and its lubricants business under the “Total” brand for
five years in Pakistan, continuing to serve its customers.

The acquisition remains subject to authorization by the relevant authorities
and related agreements.

***

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.

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).

Media 

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR 
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FTotalEnergiesPR&esheet=54104983&newsitemid=20240806532477&lan=en-US&anchor=%40TotalEnergiesPR&index=1&md5=28f64ade2842e5ec3ddf5fe811fe7c08)

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



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