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.
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