TotalEnergies sells service station business in Brazil

SIM Distribuidora will take over the 240 locations across the country as well as storage facilities for petroleum products and ethanol.

TotalEnergies has signed an agreement to sell its fuel distribution activities in Brazil to local company SIM Distribuidora. 

The transaction involves a network of about 240 service stations and several storage facilities for petroleum products and ethanol. SIM is a recognized player in the sector and belongs to Grupo Argenta, which has more than 500 service stations, lubricants operations and aviation activities.

This sale reflects the selective strategy of TotalEnergies in the retail network sector focused on core geographies with significant market share positions. 

While the acquisition remains subject to authorization by the relevant authorities, the company will retain its lubricants blending and distribution activities in Brazil.

TotalEnergies has been operating in Brazil for almost 50 years, through five subsidiaries. Today, the company employs over 3,500 people in its business segments, in Exploration & Production, gas, renewable electricity, lubricants and chemicals.