With this transaction, Total will own 100 per cent of Totalgaz Viet Nam, a part of its commitment in investing in the country for the long term. — Photo dddn

HCM CITY (Biz Hub) — Oil and gas company Total Viet Nam recently signed a capital transfer agreement to buy Sai Gon Construction Corporation's (SGCC)18.5 per cent stake in Totalgaz Viet Nam.

The agreement marked an important step in the development of Total Viet Nam.

With this transaction, Total will own 100 per cent of Totalgaz Viet Nam, a part of its commitment in investing in the country for the long term.

Total is one of the world's largest integrated oil and gas companies with operations in 130 countries.

SGCC is a wholly State-owned corporation belonging to the People's Committee of HCM City. — VNS