EXCLUSIVE LETTER TO SUBSCRIBERS – The boss of TotalEnenergies revealed that he was studying a primary listing of his group in New York. A few days before a presidential sequence on the attractiveness of France, it is an oddity.
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Did he know it would make so much noise? Probably not. But it was a small bomb that Patrick Pouyanné, the CEO of TotalEnergies, dropped on April 26 by revealing in an interview with the Bloomberg editorialist, Javier Blas, that a main listing of his group in New York and no longer in Paris was possible. And even considered since the board of directors is asking the question.
“It’s not emotion, it’s business”, explained Pouyanné. Before the senators on Monday, he explained his arithmetic: “We have lost 7% of French shareholders over the last four years, largely because of regulations and the pressure put on them. And conversely, American shareholders are buying our stock and the share of American institutional shareholders has increased from 37 to 47%.. »So I have a sellers’ flow and a buyers’ flow, but a priori our duty, our social interest, is also to think about taking…
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