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Total to divest retail business in Haiti

Published 10 May 2018

Total has agreed to divest its retail business in Haiti, made up of 92 service stations and general trade fuel sales operations, for an undisclosed price.

This agreement has been finalized with Bandari Corporation Ltd., a consortium formed by several local and regional major players.

Total marketing & services Americas Isabelle Gaildraud said: “This transaction with local operators is aligned with our strategy of streamlining our asset portfolio in the Caribbean.

“We are fully confident that Bandari Corporation Ltd. will develop these quality assets effectively. We remain present in Haiti through a lubricants distribution agreement.”

In its decision to accept the bid, Total paid special attention to the ability and commitment of the buyer to grow the businesses and protect the interests of employees.

Source: Company Press Release.