TotalEnergies SE (FR:TTE) has released an update.
TotalEnergies has agreed to sell its fuel distribution business in Brazil to SIM Distribuidora, marking a strategic shift to focus on core geographies. The deal involves around 240 filling stations and storage facilities, while TotalEnergies retains its lubricants operations in the country. This move aligns with TotalEnergies’ broader strategy to concentrate on markets where it holds significant market share.
For further insights into FR:TTE stock, check out TipRanks’ Stock Analysis page.
