SIM Distribuidora, the buyer, has more than 500 service stations, in addition to lubricant distribution activities
French oil company TotalEnergies agreed to sell a network of about 240 retail service stations and several oil product storage facilities in Brazil to a subsidiary of Grupo Argentina, the company reported on Friday.
SIM Distributor, the buyer, It has more than 500 service stations, in addition to lubricant and aviation fuel distribution activities. Total will maintain its lubricant mixing and distribution activities in Brazil.
The French company has recently sold other retail fuel distribution networks, in an attempt to concentrate its holdings in places where it has a large market share.
