By Giulia Petroni 
 

TotalEnergies SE on Monday said that it will acquire BP PLC's retail network, wholesale fuel business and logistics assets in Mozambique.

The French oil-and-gas major said the deal includes a network of 26 service stations, a portfolio of business customers and BP's 50% share in Samcol, the logistics company that operates the Matola, Beira and Nacala fuel-import terminals. Samcol was previously jointly owned by TotalEnergies and BP.

The assets are complementary to TotalEnergies' existing network of 57 service stations and current B2B business in the country.

Financial details weren't disclosed.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

January 31, 2022 11:34 ET (16:34 GMT)

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