Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

TotalEnergies says it is examining cross-listing shares in U.S

Published 05/24/2024, 09:57 AM
Updated 05/24/2024, 10:01 AM
© Reuters. FILE PHOTO: A logo of TotalEnergies is seen at an electric vehicle fuelling station in the La Defense business district in Courbevoie near Paris, France, February 8, 2023. REUTERS/Sarah Meyssonnier/File Photo
TTEF
-

PARIS (Reuters) - TotalEnergies (EPA:TTEF) said on Friday that it is studying plans to cross-list its shares in the United States, while also keeping its shares on the Euronext stock exchange.

"It's more a technical study, how to offer these shares to the American market, while keeping our shares on Euronext, in Paris, in London, in Brussels, because the majority of our shareholders are European," Chairman and Chief Executive Patrick Pouyanne told the company's annual shareholder meeting.

© Reuters. FILE PHOTO: A logo of TotalEnergies is seen at an electric vehicle fuelling station in the La Defense business district in Courbevoie near Paris, France, February 8, 2023. REUTERS/Sarah Meyssonnier/File Photo

"We'd like to do a cross-listing," he added.

Pouyanne said in April that TotalEnergies was "seriously" looking at a possible primary listing in New York to ensure easier access for U.S. investors, adding he would report back to the board by September. He has also pledged that the company would continue to be listed on the Paris stock market.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.