TotalEnergies Signs African Infrastructure Deal With BlackRock's GIP

M&A · PartnershipCommodity
โดย Business Wire·AFRICA·Read original
Summary · why it matters

TotalEnergies has entered into a partnership agreement with Global Infrastructure Partners, a part of BlackRock, covering its interests in some oil and gas infrastructure assets in Africa. Under the deal, GIP will make a US$1.8 billion capital contribution, and TotalEnergies will pay GIP a throughput-based tariff over a period of up to 15 years. Chief Financial Officer Jean-Pierre Sbraire said the agreement strengthens the company's relationship with GIP and crystallizes the value of some of its midstream infrastructure assets in Africa. TotalEnergies is a global integrated energy company with more than 100,000 employees active in about 120 countries.

Impact on stocks 2

Energy▲ · 1 stocks
TotalEnergies SE
TTE
▲ PositiveCapitalrelevance

TotalEnergies signs a partnership with GIP that brings a $1.8B capital contribution and crystallizes value of its African midstream infrastructure assets.

Digital Finance & Tokenization▲ · 1 stocks
BlackRock Inc
BLK
± MixedCapitalrelevance

BlackRock's GIP unit makes a $1.8B capital contribution in the TotalEnergies African infrastructure deal, but BlackRock itself is only the parent mentioned in passing.

Off-coverage companies 1

Global Infrastructure PartnersPrivate▲ Positive
Capitalrelevance

GIP commits a $1.8B capital contribution for interests in TotalEnergies' African oil and gas infrastructure assets.

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