Total selects bidders for its TGIF business, Reuters reports

Total (TOT) selected four bidders for its TIGF gas network and storage business in southwest France, estimated to be worth about $3.2B, sources say, reports Reuters. A decision is expected about mid-January. French insurer AXA's (AXAHY) private equity arm, EDF's nuclear fund, French state bank Caisse des Depots and Spanish utility Enagas are candidates.