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France's Total to buy businesses from Brazil's Grupo Zema

Reuters  |  PARIS 

PARIS (Reuters) - French energy group Total has agreed to buy some businesses of Brazil's Grupo Zema to expand in the biofuels sector.Total said it would be buying fuel distribution company Zema Petróleo, reseller and retailer arm Zema Diesel and importation company Zema Importacao. Financial terms were not disclosed.Zema Petroleo runs 280 dealer-operated service stations and several oil products and ethanol storage facilities. Total added it planned to expand its activities in the area and hoped to double the number of branded stations within five years, particularly in south-east and ...

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First Published: Thu, November 22 2018. 17:30 IST