Total S.A.
11 July 2006
Total to buy Shell's Marketing Businesses in Fiji and Tonga
Paris - July 11, 2006 - Total has signed conditional sale and purchase
agreements to acquire the shares and business interests of Shell Fiji Limited in
Fiji and the business assets of Shell in Tonga.
The agreement covers Shell's distribution, sales and marketing interests in
retail, commercial, aviation, marine petroleum products and lubricants in Fiji
and Tonga. The acquisition represents a network of 9 terminals and depots and 20
service stations. It remains subject to any necessary approval of the relevant
authorities in each country.
With a presence in New Caledonia and French Polynesia, Total's downstream
portfolio in the Pacific Islands already includes a network of 10 terminals and
depots and 62 service stations, as well as lubricants, aviation fuels, and
liquefied petroleum gas (LPG) activities. This deal confirms Total's growth
strategy in the Pacific Islands.
* * * * * *
Total is one of the world's major oil and gas groups, with activities in more
than 130 countries. Its 95,000 employees put their expertise to work in every
part of the industry - exploration and production of oil and natural gas,
refining and marketing, gas trading and electricity. Total is working to keep
the world supplied with energy, both today and tomorrow. The Group is also a
first rank player in chemicals. www.total.com
This information is provided by RNS
The company news service from the London Stock Exchange
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