TotalEnergies (TTE) to Sell 10% Interest in Nigeria SPDC JV
TotalEnergies(TTE) ZACKS·2024-07-18 22:41
TotalEnergies SE (TTE) announced that its subsidiary, TotalEnergies EP Nigeria, has signed a sale and purchase agreement with Chappal Energies for the sale of its 10% interest in the SPDC JV licenses in Nigeria.The transaction will be concluded for a consideration of $860 million. It will be closed subject to customary conditions, including regulatory approvals.Details of the DealSPDC JV, an unincorporated joint venture among Nigerian National Petroleum Corporation Ltd (55%), Shell Petroleum Development Com ...