The group’s CEO, Patrick Pouyanné, announced last week that he was considering a primary listing on the New York Stock Exchange. A decision that the Minister of Economy is complaining about.
Bercy refusing to see TotalEnergies go into exile in New York. With an invitation on BFMTV this Thursday morning, the Minister of Economy and Finance opposed the idea put together by the CEO of the energy company that the main list of his company would be transferred to the United States, and not in France anymore. “I’m here to make sure that doesn’t happen.”he said, bluntly, with regret “A Serious Decision”.
“We Need Total”and “funds for France”especially if there was an increase in oil or energy prices, Bruno Le Maire justified himself. “It is important to keep Total, to keep Total’s headquarters in France, and for Total’s main list to stay in France”, asked Bercy’s boss. “Is it the country’s main interest to keep Total’s headquarters in France and Total’s main listing in France? There are. And so, I will fight for that, because it is in the best interest of the French.”
At the end of April, Patrick Pouyanné announced to Bloomberg that the possibility of a major listing on the other side of the Atlantic was being studied in the name “business not emotion”. “We are facing a situation where European shareholders are sellers or holding steady, while American shareholders are buyers. So what would be more practical for American shareholders? Do they prefer stocks that have a major listing in New York or Europe? I believe that when you ask the question, you have the answer.”, developed the businessman. Who, however, had rejected the idea of moving the group’s headquarters outside of France.
This speech was held in a context where the energy company is regularly identified by groups such as politicians, who criticize its strategy, its operations and its profits. TotalEnergies’ main problem, however, is its problems “find money”, according to Bruno Le Maire. A point to which the union of the capital markets, which France wants in Europe, will respond, “a lot more money to be found at the level of the European Union. So there is no more reason to go and be listed. “ in the United States, the minister launched, talking to the management of the French giant.
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2024-05-02 07:22:00
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