TotalEnergies Holdings USA, Inc. acquired Talos Low Carbon Solutions LLC from Talos Energy Inc..
TotalEnergies Holdings USA, Inc. agreed to acquire Talos Low Carbon Solutions LLC from Talos Energy Inc. (NYSE:TALO) for approximately $150 million on January 1, 2024. As a part of consideration, TotalEnergies Holdings USA, Inc. will pay $125 million plus customary reimbursements, adjustments and retention of cash, combined totaling approximately $148 million and Talos may realize additional future cash payments upon achievement of certain milestones at the Harvest Bend or Coastal Bend projects or upon a subsequent sale of these projects by TotalEnergies. Robin Fielder will continue as Vice President, Low Carbon Strategy and Chief Sustainability Officer of Talos Energy Inc. Morgan Stanley & Co. LLC acted as a financial advisor and Latham & Watkins LLP acted as a legal advisor to Talos Energy Inc. White & Case LLP acted as a legal advisor to Talos Energy Inc. (NYSE:TALO).
TotalEnergies Holdings USA, Inc. completed the acquisition of Talos Low Carbon Solutions LLC from Talos Energy Inc. (NYSE:TALO) on May 6, 2024.