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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Total S.A.    FP   FR0000120271

TOTAL S.A.

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Total S A : Confirms UK North Sea Assets Sale Under Modified Terms

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05/20/2020 | 02:55am EDT

By Cristina Roca

Total SA on Wednesday confirmed its commitment to selling its U.K. North Sea assets to Neo Energy, and said the sale will take place under renegotiated financial terms.

The French energy major said it has renegotiated the deal with Norway's PE firm HitecVision AS in light of the current environment.

"The structure of the consideration and phasing of payments has been modified, including interest-bearing vendor financing and earnout arrangements," Total said.

The deal is expected to close by the third quarter of this year, Total said.

Last year, Total said it would sell the U.K. assets to Petrogas for a $635 million consideration, and that Petrogas had partnered with HitecVision.

PetroGas Co. isn't part of the transaction any more, Total said on Wednesday.

 

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

 

Stocks mentioned in the article
ChangeLast1st jan.
TOTAL S.A. 5.91% 38.21 Real-time Quote.-26.60%
WTI 4.70% 38.837 Delayed Quote.-39.82%
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Financials (USD)
Sales 2020 131 B - -
Net income 2020 1 342 M - -
Net Debt 2020 40 953 M - -
P/E ratio 2020 85,7x
Yield 2020 7,26%
Capitalization 105 B 105 B -
EV / Sales 2019
EV / Sales 2020 1,12x
Nbr of Employees 107 776
Free-Float 91,0%
Chart TOTAL S.A.
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Technical analysis trends TOTAL S.A.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 24
Average target price 45,03 $
Last Close Price 40,94 $
Spread / Highest target 65,3%
Spread / Average Target 10,0%
Spread / Lowest Target -41,7%
EPS Revisions
Managers
NameTitle
Patrick Pouyanné Chairman & Chief Executive Officer
Jean-Pierre Gerard Claude Sbraire Chief Financial Officer
Marie-Noelle Semeria Group Chief Technology Officer & Senior VP
Patrick Artus Independent Director
Marie-Christine Coisne-Roquette Independent Director
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