Total CFO: Co Continues To Review Acquisition Opportunities

Total CFO: Co Continues To Review Acquisition Opportunities
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Τετ, 6 Μαΐου 2009 - 17:33
Oil major Total SA (TOT) continues to review acquisition opportunities but won't consider buying units if sellers persist in assuming a high oil price scenario, Chief Financial Officer Patrick de la Chevardiere said Thursday.
Oil major Total SA (TOT) continues to review acquisition opportunities but won't consider buying units if sellers persist in assuming a high oil price scenario, Chief Financial Officer Patrick de la Chevardiere said Thursday.

Looking at potential buys is "normal business," he said while speaking on a conference call to discuss the company's first-quarter results.

But if the seller has a $80 a barrel-$100 a barrel scenario in mind, deals won't be possible, he said.

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