(News Bulletin 247) – UBS confirms its advice to buy the stock with a target of 65 E after the announcement of an agreement with Couche-Tard in Europe.
“TotalEnergies has announced that it has signed agreements with Couche-Tard, a Canadian operator of convenience stores, for the sale of stakes in its fuel distribution networks in Germany and Benelux for an amount of 3.1 billion euros” indicates UBS.
In Germany and the Netherlands, TotalEnergies will transfer all of its service station networks to Couche-Tard, ie 1,198 stations in Germany and 392 in the Netherlands. TotalEnergies will focus on the development of new forms of mobility (electric and hydrogen) in these countries.
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