4th Feb 2009 17:00
Total announces its intention to sell its 40% interest in Société de la Raffinerie de Dunkerque (SRD) to Colas. The main shareholder in SRD is a subsidiary of ExxonMobil.
SRD specializes in manufacturing bitumen and base oils.
Colas is a world leader in construction and maintenance of transportation infrastructure, has expressed its willingness to acquire all of the capital of SRD.
The plan is subject to various conditions precedent and the notification of the SRD labor council.
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Total is one of the world's major oil and gas groups, with activities in more than 130 countries. Its 96,000 employees put their expertise to work in every part of the industry - exploration and production of oil and natural gas, refining and marketing, gas & power and trading. Total is working to keep the world supplied with energy, both today and tomorrow. The Group is also a first rank player in chemicals. www.total.com
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