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Stock impact report

France Wants Total to Keep Paris Main Listing, Le Maire Says [BNN Bloomberg (Canada)]

TotalEnergies SE (TTE) 
Company Research Source: BNN Bloomberg
France couldn't have convinced TotalEnergies to keep prices at the fuel pump capped at a maximum of €2 ($2.14) per liter had it not been French, according to Le Maire. “So it's important to keep Total's headquarters in France and it's important that its primary listing stay in France,” Le Maire said in an interview on BFM TV. “I'll fight for this because it's in the best interest of the French people.” Chief Executive Officer Patrick Pouyanne first said he was considering moving the company's primary listing to New York in an interview with Bloomberg Opinion in April. The Paris-based company is considering the switch “in part because ESG policies in Europe have more weight,” Chief Executive Officer Patrick Pouyanne told a French senate hearing on climate-change goals Monday. ©2024 Bloomberg L.P. Top Picks Show less Read more
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