02:46 PM EDT, 10/18/2024 (MT Newswires) -- TotalEnergies (TTE) said Friday it has agreed to sell its fuel distribution business in Brazil to SIM Distribuidora.

Financial terms of the sale were not disclosed.

The transaction, which is subject to regulatory approval, involves a network of about 240 filling stations and several storage facilities for petroleum products and ethanol, the company said.

TotalEnergies said it will continue to maintain its lubricants blending and distribution activities in the country.

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