Total has signed an agreement to sell its retail business in Haiti, which consists of a network of 92 service stations and general trade fuel sales operations.
This agreement has been finalised with Bandari Corp. Ltd, a consortium formed by several local and regional major players.
Isabelle Gaildraud, Senior Vice President, Americas at Total Marketing & Services, said: “This transaction with local operators is aligned with our strategy of streamlining our asset portfolio in the Caribbean […] We are fully confident that Bandari Corp. Ltd will develop these quality assets effectively. We remain present in Haiti through a lubricants distribution agreement.”
In its decision to accept the bid, Total paid special attention to the ability and commitment of the buyer to grow the businesses and protect the interests of employees.
Read the article online at: https://www.hydrocarbonengineering.com/refining/09052018/total-sells-retail-business-in-haiti/