French energy group Total has agreed to buy for an undisclosed amount the distribution business of Brazil's Grupo Zema, in order to expand in Brazil and in the biofuels sector.
Zema Petroleo runs a network of 280 dealer-operated service stations and several oil products and ethanol storage facilities, most of them located in the states of Minas Gerais, Goiás and Mato Grosso.
Total added it planned to expand its activities in the area and hoped to double the number of branded stations within five years, particularly in southeast and central-west Brazil.
With no buyers and no IPOs, private equity exits are essentially closed, leaving assets stranded. This presentation was recorded at the recent Energy Capital Conference & exhibition in Dallas.
Companies and capital providers talk about ESG strategies and their critical importance to shareholders. This presentation was recorded at the recent Energy Capital Conference & exhibition in Dallas.
Speakers at Hart Energy’s DUG Haynesville tout the region’s proximity to terminals and low-cost gas as a springboard for companies in the play.