Seeking Alpha

Total considers London financial move

  • Total (TOT -0.5%) says it may move its corporate treasury and financial communications services from Paris to London since "80% of analysts who follow the group are based in London, and we need to get closer to this community."
  • Such a move wouldn't affect the financial profits TOT reports in France, it says, and would have nothing to do with the current level of taxes in France.
  • TOT would remain listed in Paris and doesn't intend to be listed on the London Stock Exchange.
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