OLA Energy Group to Acquire TotalEnergies' Marketing Operations in Ethiopia
OLA Energy Group has signed a Share Purchase Agreement to acquire TotalEnergies Marketing Ethiopia from TotalEnergies SE (NYSE:TTE), gaining over 120 service stations and related infrastructure across key Ethiopian cities. The acquisition expands OLA's pan-African network, while TD Cowen recently adjusted its price target for TTE but maintained a 'Buy' rating.
Tickers: $TTE
Topics: acquisition energy sector TotalEnergies Marketing Ethiopia