Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

TOTAL S.A.

(FP)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Total S A : Confirms the Sale of UK Assets to NEO Energy

share with twitter share with LinkedIn share with facebook
share via e-mail
05/20/2020 | 03:05am EDT

Regulatory News:

 

Total (Paris:FP) (LSE:TTA) (NYSE:TOT):

 

Total today confirmed its commitment to completing the sale of its UK North Sea non-core assets, first announced(1) in July 2019. Reflecting recent significant market volatility, Total and Norway-based private equity investor HitecVision have successfully renegotiated the financial terms of the deal to respond to the current environment -- while Petrogas is no longer part of the transaction.

 

"We have worked closely with HitecVision and its portfolio company NEO Energy to reconfirm our mutual commitment to completing the deal. The agreed revisions respond to current market conditions while retaining the majority of the value of the transaction. The structure of the consideration and phasing of payments has been modified, including interest-bearing vendor financing and earnout arrangements," declared Jean-Pierre Sbraire, Chief Financial Officer at Total. "We look forward to progressing swiftly to completion and for NEO Energy to take over operations. We are confident that this sale is the right thing for both parties and for the business and its employees."

 

Total and NEO Energy have developed detailed transition plans to deliver a smooth handover of operations upon completion, while allowing NEO to focus on embedding planned operating efficiencies and growth plans as rapidly as possible.

 

Subject to regulatory approvals, the parties expect to complete the transaction by the third quarter 2020.

 

About Total

 

Total is a broad energy company that produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.

 

Cautionary Note

 

This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms "Total", "Total Group" and Group are sometimes used for convenience. Likewise, the words "we", "us" and "our" may also be used to refer to subsidiaries in general or to those who work for them. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.

 

(1) https://www.total.com/media/news/press-releases/total-divests-assets-uk-petrogas

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20200519006064/en/

 
    CONTACT: Total 

Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress

Investor Relations: +44 (0)207 719 7962 l ir@total.com

 
    SOURCE: TOTAL 
Copyright Business Wire 2020 
 

Stocks mentioned in the article
ChangeLast1st jan.
TOTAL S.A. 3.60% 37.365 Real-time Quote.-26.60%
WTI 3.32% 38.365 Delayed Quote.-39.82%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on TOTAL S.A.
06/04JEAN-BERNARD LÉVY : EDF, unions agree post-coronavirus return to work steps
RE
06/04Norway oil firms slash investment plans amid pandemic
RE
06/03Total to acquire 51% stake in SSE $3.7 billion UK wind farm project
RE
06/03TOTAL : Enters Into a Giant Offshore Wind Farm Project in Scottish North Sea
BU
06/03Total to Buy 51% Stake in Offshore Wind Project in Scotland
DJ
06/03Total Enters Into a Giant Offshore Wind Farm Project in Scottish North Sea
DJ
05/29TOTAL : Combined Shareholders' Meeting of May 29, 2020
DJ
05/29Total Announces the Payment Terms of the Final 2019 Dividend Following the Sh..
DJ
05/29TOTAL S A : Combined Shareholders' Meeting of May 29, 2020 Approval of resolutio..
PU
05/29TOTAL : Combined Shareholders' Meeting of May 29, 2020
BU
More news
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.
Duration : Period :
Total S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
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
Sector and Competitors
1st jan.Capitalization (M$)
TOTAL S.A.-26.60%105 268
SAUDI ARABIAN OIL COMPANY-8.65%1 714 087
ROYAL DUTCH SHELL PLC-40.19%134 363
PETROCHINA COMPANY LIMITED-29.92%105 845
GAZPROM-21.43%68 629
PUBLIC JOINT STOCK COMPANY ROSNEFT OIL COMPANY-22.86%58 730