Brazil's SIM Distribuidora acquires TotalEnergies' 240 Brazilian filling stations under focus strategy.

Brazil's SIM Distribuidora will acquire TotalEnergies' fuel distribution operations in Brazil, which include around 240 filling stations and storage facilities for petroleum products and ethanol. This move is part of TotalEnergies' strategy to focus on key markets while retaining their lubricants operations in the country. SIM Distribuidora, a Grupo Argenta subsidiary with over 500 service stations, awaits regulatory approval to complete the acquisition.

October 18, 2024
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