Important that Total stays listed in France, minister Le Maire says

It is important that TotalEnergies (TTEF.PA) remains listed in France, French Finance Minister Bruno Le Maire said on Thursday in an interview with French radio BFM/RM. "I think it's a serious decision. The Paris-based company said it has 47% of institutional shareholders in the United States, and 39% of all global shareholders there.


Reuters | Updated: 02-05-2024 12:38 IST | Created: 02-05-2024 12:38 IST
Important that Total stays listed in France, minister Le Maire says

It is important that TotalEnergies (TTEF.PA) remains listed in France, French Finance Minister Bruno Le Maire said on Thursday in an interview with French radio BFM/RM.

"I think it's a serious decision. It's important to keep Total in France", he said. The French oil major is "seriously" looking at a possible listing in New York, Chief Executive Patrick Pouyanne told analysts last month, to move closer to a majority of U.S.-based shareholders.

"We had a discussion of the board on the matter of U.S. listing and we all agreed that we have to seriously look at it," Pouyanne had said. The Paris-based company said it has 47% of institutional shareholders in the United States, and 39% of all global shareholders there.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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