Sector News

Total sells remaining GTT stake to Temasek

December 10, 2014
(Reuters) – French oil major Total agreed to sell its remaining 10.4 percent stake in Gaz Transport & Technigaz (GTT), the world’s No. 1 maker of insulated hull linings for tankers that carry liquefied natural gas, to Singapore-based investment group Temasek.
Total had already reduced its shareholding from 30 percent in February during GTT’s initial public offering. Total said in a statement on Monday that it will have raised more than $650 million overall from the sale of the entire stake.
“With this transaction, Total continues to unlock significant value from its portfolio and to focus on its strategic assets,” said Yves-Louis Darricarrere, president of upstream and of gas and power at Total. (Reporting by James Regan; Editing by Leigh Thomas)

comments closed

Related News

August 23, 2019

The higher purpose of being a CEO

Borderless Leadership

LinkedIn Twitter Xing EmailWhen I left my second large company experience to become President of a small manufacturing company I did so driven by ego; I fancied the title. Soon […]

August 23, 2019

As Brexit nears, Britain’s drugs, devices and pricing regulators seek the exit

Life sciences

LinkedIn Twitter Xing EmailFirm details on exactly how the U.K. will regulate new medicines is still to be decided after it leaves the EU later this year (caveats on timing […]

August 23, 2019

The Simply Good Foods Company acquires Quest Nutrition for $1bn

Consumer Packaged Goods

LinkedIn Twitter Xing EmailThe Simply Good Foods Company, the owner of Atkins-branded food products, has secured a deal to acquire protein snack maker Quest Nutrition for $1 billion. Quest, which […]

How can we help you?

We're easy to reach