ERJ staff report (DS)
Paris -- Total SA intends to sell the glove and condom unit of its rubber processing company, Hutchinson. In a presentation of the company's third quarter results, chief executive Christophe de Margerie said he intends to sell Total's glove and condom-making unit.
Hutchinson operates the Mapa, Mapa Professional and other brands in the healthcare sector. No further details were released.Â
Later, in a conference call,Â de Margerie said that while Total still has some non-core assets, he did not expect any significant sales in the short term. He said if the opportunity for a cost-effective sale arose in the short term, then Total would think about it, but Total has a great deal of capital flexibility at present, and does not need to sell any of its businesses.Â
This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.
Press release from Total SA