Announced
Financials
Sources
Tags
Friendly
Auto Services
Cross Border
Majority
charging network
Single Bidder
Pending
electric vehicles
Private
Singapore
Acquisition
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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