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Browsing: TotalEnergies Marketing South Africa
- TotalEnergies is divesting its minority stake in National Petroleum Refiners of South Africa in line with it’s strategy to divest non-core assets.
- The firm has signed a deal to divest its 36.36 minority stake held by TotalEnergies Marketing South Africa in National Petroleum Refiners of South Africa to the Prax Group.
- The transaction is subject to regulatory approvals, consents and authorisations.
Global energy heavyweight TotalEnergies has announced plans to divest its minority stake of 36 per cent held in National Petroleum Refiners of South Africa in line with its strategy to divest non-core assets.
The firm declared on Friday that it has signed a deal to divest its 36.36% minority stake, held by TotalEnergies Marketing South Africa, in National Petroleum Refiners of South Africa (Natref) to the Prax Group.
The Prax Group is a British multinational independent refining, storage, distribution, and sales conglomerate dealing in crude oil, petroleum products, and …