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Announced

TotalEnergies to acquire Blue Charge from Bollore Group.

Synopsis

TotalEnergies, an oil and gas exploration and production company, agreed to acquire Blue Charge, a Singapore-based electric vehicle charging network, from Bollore Group, a French transportation company. Financial terms were not disclosed. Singapore is aiming to phase out all internal combustion engine vehicles by 2040, encouraging drivers to switch to electric vehicles through a range of measures. It aims to put in place 60k charging points by 2030.

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