Talos Energy Announces Divestiture Of Talos Low Carbon Solutions Subsidiary To TotalEnergies For Purchase Price Of $125M Plus Customary Reimbursements, Adjustments And Retention Of Cash; Combined Total ~$148M
Portfolio Pulse from Benzinga Newsdesk
Talos Energy has agreed to sell its Talos Low Carbon Solutions subsidiary to TotalEnergies for a purchase price of $125 million, along with customary reimbursements and adjustments. The deal also includes the retention of cash, bringing the combined total to approximately $148 million.
March 18, 2024 | 1:06 pm
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Talos Energy sells its Talos Low Carbon Solutions subsidiary to TotalEnergies for a total of approximately $148 million.
The divestiture of the Talos Low Carbon Solutions subsidiary to TotalEnergies for a significant sum indicates a strategic move by Talos Energy. This sale could potentially strengthen Talos Energy's financial position and allow for reinvestment in core areas or debt reduction. Investors may view this positively, leading to a potential short-term uptick in TALO's stock price.
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