Total block raises hopes of further ECM deals

Olivier Holmey

February 17, 2016 11:45 am

Total 230x150 — An employee of the 'Total' oil refinery stands in front of a large tank with the company's logo in Leuna, Germany, 12 March 2014. A general inspection under the project title 'Matrix' is being conducted as part of the regular six week inspection cycle, during which the facilities will be inspected and, if necessary, repaired or complemented. The most modern oil refinery in Europe belongs to French oil and gas company Total and processes about 30,000 tons of crude oil daily, which hails mainly from Russia. Photo: Waltraud Grubitzsch/ZB | Waltraud Grubitzsch/DPA Germany

The long wait for a European block trade ended on Tuesday night, as a shareholder in Total sold €651m-worth of stock in the French oil and gas business, sparking hopes of further ECM deals in coming days.

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Olivier Holmey