Brazil: TotalEnergies sells its fuel distribution activities to SIM Distribuidora
Published by Poppy Clements,
Assistant Editor
Hydrocarbon Engineering,
The transaction involves a network of about 240 filling stations and several storage facilities for petroleum products and ethanol.
SIM Distribuidora, one of the recognised players of the fuel distribution business in Brazil, belongs to Grupo Argenta, which has more than 500 service stations, lubricants and aviation activities.
This sale reflects the selective strategy of TotalEnergies in Marketing & Services in the retail network business focussed on core geographies with significant market share positions. The company will retain its lubricants blending and distribution activities in Brazil.
The acquisition remains subject to authorisation by the relevant authorities.
Read the article online at: https://www.hydrocarbonengineering.com/refining/21102024/brazil-totalenergies-sells-its-fuel-distribution-activities-to-sim-distribuidora/
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