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New Deal


Announced

Conex to acquire Total's Sierra Leone and Liberia businesses.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

services business

Acquisition

Single Bidder

Liberia

Majority

Sierra Leone

marketing business

Oil Refining and Marketing

Private

Brunei Darussalam

offshore block

Offshore Drilling and Other Services

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Synopsis

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Conex, a petroleum products import, distribution and supply chain management company, agreed to acquire Total's marketing & services businesses located in Sierra Leone and Liberia. Financial terms were not disclosed. The sale of these two affiliates is expected to be completed in the second quarter of 2020. "These sales will contribute to Total’s ongoing divestment program and demonstrate our ability to relentlessly highgrade our portfolio. In the current context of low oil prices, these transactions support the action plan announced to weather the crisis," Jean-Pierre Sbraire, Total CFO.

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