Electric Vehicle Charging Solutions : TOTAL Acquires G2mobility and Forms Partnership with Nexans
On September 20, 2018, TOTAL announced that it finalized the acquisition of G2mobility, a French leading provider of electric vehicle charging solutions. With this deal, TOTAL is accelerating the growth of its electric vehicle charging businesses, from designing smart charging stations to optimizing energy usage management and selling integrated services.
A pioneer in the sector since 2009, G2mobility has developed and markets a comprehensive charging solution, with connected charging stations operated by a web platform that can remotely control the charge points, and offer services, particularly smart energy management systems. With almost 10,000 points managed by its services platform, G2mobility supports municipal governments and private businesses.
Following the signature of an agreement with G2mobility and its longtime shareholders, including Bpifrance and Nexans, TOTAL acquired the entire shareholding in the company.
TOTAL Consolidates G2mobility Partnership With Nexans
On September 20, 2018, TOTAL announced that, to help speed up the growth of infrastructure for electric vehicles, TOTAL and Nexans have signed a partnership agreement that gives TOTAL access to Nexans’ production capacity and industrialknow-how. Nexans will be able to rely on G2mobility’s technological edge and TOTAL’s range of service offerings.
Results of the Public Tender Offer of TOTAL for Direct Energie
Following the completion of the acquisition of a 73.04% stake in the share capital of Direct Energie at€42 per share on July 6, 2018, TOTAL welcomed the results of the public tender offer published by theAutorité des marchés financiers (AMF) on September 19, 2018, showing that Total S.A. has acquired, at the same price, 9,354,390 shares under the centralized procedure managed by Euronext Paris and 1,011,888 shares on the market.
TOTAL will hold 44,417,802 shares of Direct Energie representing 44,820,386 voting rights, i.e. 95.37% of the share capital and at least 95.33% of the voting rights of this company.
Once the settlement of the shares tendered into the offer has been completed, TOTAL intends to request the implementation of asqueeze-out procedure in accordance with the terms of its public tender offer of July 26, 2018 at a price of€42 per share (dividend attached).
TOTAL announces gas find offshore UK
On September 24, 2018, TOTAL announced a gas discovery on the Glendronach prospect, located offshore from the U.K., west of Shetland. The well was drilled to a final depth of 4,312 meters and encountered a gas column of 42 meters of net pay in a high quality Lower Cretaceous reservoir.
Preliminary tests confirm good reservoir quality, permeability and well production deliverability.
Located on Block 206/04a, in water depth of about 300 meters and in a formation below the Edradour reservoir, the discovery can be developed with the existing infrastructure around the Edradour field and the Laggan-Tormore facilities of the Shetland Gas Plant.
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