TotalEnergies SE (NYSE:TTE) shares are trading lower today after the company agreed to sell its 50% stake in Total PARCO Pakistan Limited (TPPL) to Gunvor Group for an undisclosed amount. This move aligns with TotalEnergies’ strategy to concentrate on core markets with growth potential and transition opportunities. TPPL is a joint venture equally owned by TotalEnergies Marketing and Services and Pak-Arab Refinery Limited (PARCO). It operates a network of over 800 service stations in Pakistan, along with fuel logistics and lubricants activities. The new entity will maintain its retail operations under the “Total Parco” brand ...