SIM Distribuidora completed the acquisition of the fuel distribution business of TotalEnergies.

SIM Distribuidora, a Brazilian fuel distribution company, completed the acquisition of the Brazilian fuel distribution business of TotalEnergies, a French multinational integrated oil and gas company. Financial terms were not disclosed. This sale reflects the selective strategy of TotalEnergies in Marketing & Services in the retail network business focused on core geographies with significant market share positions. The Company will retain its lubricants blending and distribution activities in Brazil.