TotalEnergies buys €5.1 billion stake in Kretinsky's power generation business
PositiveFinancial Markets

- TotalEnergies has announced a significant partnership with EPH, owned by Daniel Kretinsky, to create a joint venture managing power plants in Western Europe with a capacity of 14 gigawatts. EPH will receive €5.1 billion in Total shares, enhancing its stake in the energy sector.
- This strategic move positions TotalEnergies to strengthen its presence in the renewable energy market while providing EPH with a substantial equity stake, potentially influencing future energy investments and collaborations in the region.
— via World Pulse Now AI Editorial System
