M&A Deal Summary

PISTO Acquires Société des Transports Pétroliers par Pipelines

On August 5, 2019, PISTO acquired energy services and equipment company Société des Transports Pétroliers par Pipelines from TotalEnergies for 260M EUR

Acquisition Highlights
  • This is PISTO’s 1st transaction in the Energy Services and Equipment sector.
  • This is PISTO’s largest (disclosed) transaction.
  • This is PISTO’s 1st transaction in France.

M&A Deal Summary
Date 2019-08-05
Target Société des Transports Pétroliers par Pipelines
Sector Energy Services and Equipment
Buyer(s) PISTO
Sellers(s) TotalEnergies
Deal Type Divestiture
Deal Value 260M EUR

Target

Société des Transports Pétroliers par Pipelines

Paris, France
Société des Transports Pétroliers par Pipelines (Trapil) build and operate a pipeline and auxiliary installations to transport refined petroleum products between the Basse-Seine and Paris regions. Trapil is Europe’s oldest, largest civilian pipeline network, comprising 1,375 kilometers of pipe, 28 pumping stations, and 27 delivery terminals.

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Buyer(S) 1

Buyer

PISTO

Paris, France
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Pisto is an integrated oil midstream company providing for the supply of crude oil and refined products to Northern France and the Paris region. PISTO is based in Paris, France.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
Country (France) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

TotalEnergies

Courbevoie, France
Category Company
Founded 1924
Sector Oil/Gas Exploration
Employees102,579
Revenue 218.9B USD (2023)
DESCRIPTION

TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables, and electricity. TotalEnergies was founded in 1924 and is based in Courbevoie, France.

DEAL STATS #
Overall 8 of 11
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 8 of 9
Country (France) 4 of 7
Year (2019) 2 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-10 Total S.A. - UK non-core Assets

United Kingdom

Total S.A. - UK non-core Assets is an oil and gas producer.

Sell $635M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-30 Mozambique LNG

Maputo, Mozambique

Mozambique LNG is the country’s first onshore LNG development. The project includes the development of the Golfinho and Atum fields located within Offshore Area 1 and the construction of a two-trains liquefaction plant with a capacity of 12.9 million tonnes per year (Mt/y). The Area 1 contains more than 60 Tcf of gas resources, of which 18 Tcf will be developed with the first two trains. The Final Investment Decision (FID) on Mozambique LNG was announced on June 18, 2019, and the project is expected to come into production by 2024.

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