French oil and gas producer Total (TOTF.PA) plans to sell its specialty chemicals and equipment division Atotech, its chief executive told Le Figaro newspaper after the company announced on Monday it would buy battery maker Saft.
“Atotech no longer falls within Total’s strategic vision,” the paper quoted Patrick Pouyanne as saying. A Total spokeswoman confirmed the comments to Reuters.
Total said in February it was planning assets sale of about $4 billion this year, mostly non-core assets. (…)
via Total plans to sell specialty chemicals subsidiary Atotech: Le Figaro | Reuters.