Feb 27 - French oil major TotalEnergies is exploring the sale of its charging station business in Germany and is looking for a possible buyer, news site The Pioneer reported on Friday, citing a sales
TotalEnergies Explores Sale of German EV Charging Business, Report Says
Report: Potential Sale of TotalEnergies’ German EV Charging Unit
Sale Process and Reported Buyer Search
Feb 27 - French oil major TotalEnergies is exploring the sale of its charging station business in Germany and is looking for a possible buyer, news site The Pioneer reported on Friday, citing a sales prospectus provided by consulting firm Roland Berger.
Strategy Shift Toward Partnerships
Total, which operates almost 80,000 EV charge points across Europe, is increasingly shifting to a partnership model as the pace of electrification is slower than the industry had hoped.
Key Points and Deal Details
* Total signed EV charging partnerships with La Banque desTerritoires for France in October and Tikehau Capital forBelgium and the Netherlands in February. * The sale prospectus for its German unit Total EnergiesCharging Solutions Deutschland mostly involves charging hubsbeing built under a government contract worth up to 152 millioneuros ($179 million), The Pioneer reported. * A spokesperson for TotalEnergies said the company does notcomment on market rumours. * The unit operates over 7,000 charging stations in Germanyand is building over 1,250 charging parks in 167 locations aspart of the government contract, according to Total. * The European Commission in December unveiled a plan todrop the EU's effective ban on new combustion-engine cars from2035, marking the bloc's biggest retreat from its green policiesin recent years.Exchange Rate
($1 = 0.8480 euros)
Credits
(Reporting by Alessandro Parodi; Editing by Matt Scuffham)
