The assets consist of Total’s UK retail network, comprising 810 Total-branded service stations, its Butler heating oil business, the associated logistics infrastructure, as well as its Channel Islands and Isle of Man businesses.
This transaction is expected to complete later in this year.
Total said the sale process for the company’s refining assets in the UK is ongoing.
In addition to its exploration and production operations, the company also plans to retain a direct market presence in the UK through its lubricants, aviation fuels, special fluids and chemicals businesses.
The Rontec Investments consortium led by Snax 24, UK-based independent principal investment firm Grovepoint and Investec, an international specialist bank and asset manager.
