AcquisitionsApr 29, 2026, 06:27 AM
TTE Completes 50% Acquisition of EPH Power Platform
AI Summary
TotalEnergies SE announced the completion of its previously disclosed acquisition of a 50% stake in Energetický a průmyslový holding's (EPH) flexible power generation platform in Western Europe. As part of the transaction, TotalEnergies issued approximately 95.4 million ordinary shares to EPH. This strategic move enhances TotalEnergies' presence in the European power generation market.
Key Highlights
- TotalEnergies SE completed the acquisition of 50% of EPH's flexible power generation platform.
- The acquisition focuses on assets located in Western Europe.
- TotalEnergies issued approximately 95.4 million ordinary shares to EPH as consideration.
- The shares were issued in reliance on Regulation S under the Securities Act of 1933.