French energy giant TotalEnergies has agreed to divest its Brazilian fuel distribution network to SIM Distribuidora, aligning with its strategic focus on core markets.
The deal includes approximately 240 service stations and several storage facilities for petroleum products and ethanol.
Despite this divestiture, TotalEnergies will maintain its lubricants blending and distribution activities within Brazil.
SIM Distribuidora, part of Grupo Argenta, is a key fuel distribution company in Brazil, operating more than 500 service stations, along with lubricants and aviation businesses.
The acquisition is contingent upon receiving approval from the appropriate authorities.
Full story TotalEnergies sells fuel distribution network to SIM Distribuidora (offshore-technology.com)
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