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Stock impact report

French govt to 'fight' TotalEnergies New York listing [Yahoo! Finance]

TotalEnergies SE (TTE) 
Company Research Source: Yahoo! Finance
"I'm here to make sure that doesn't happen," Le Maire told news channel BFM. "Is the overriding interest of the nation to keep Total's headquarters in France and its main stock market listing in France? Yes, and so I will fight for that," he added. TotalEnergies CEO Patrick Pouyanne told Bloomberg last week he was thinking about moving the listing across the Atlantic, as North American institutional investors come close to making up a majority of shareholders. He said Europe's reticence at his strategy of continuing to invest in fossil fuels to finance a transition to lower-carbon forms of energy was one reason for the potential move. "We need Total. I've had the opportunity several times to say how much of an advantage it is for France to have a major oil company like Total" domiciled on its soil, Le Maire said Thursday. He recalled that the group had set a ceiling of two euros ($2.14) per litre on petrol when energy prices soared in the wake of Russia's invasion of Ukrain Show less Read more
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