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Total SA Enters Into Exclusive Negotiations On Proposed Sale Of TIGF To Snam, Electricite de France SA And GIC

Tuesday, 5 Feb 2013 08:00pm EST 

Total SA announced it has entered into exclusive negotiations with a consortium comprising Snam, Electricite de France SA and GIC that has submitted a firm offer to acquire all outstanding shares of Transport et Infrastructures Gaz France (TIGF). The offer values the Company at EUR 2.4 billion. TIGF provides gas transmission and storage services in 15 departments in southwestern France. It manages a network of about 5,000 kilometers of pipeline that carries 13% of the total volume of gas transported in France and operates 22% of the country's gas storage capacity. 

Company Quote

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29 Aug 2014