TotalEnergies Completes Acquisition of Total Eren for $1.6 Billion

TotalEnergies will increase its stake from approximately 30% to 100%

July 25, 2023

/ Gautamee Hazarika
/ Other, Renewable Energy
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France-based energy conglomerate TotalEnergies is acquiring full ownership of renewable energy company Total Eren. The deal follows a strategic agreement signed in 2017 between the two, which granted TotalEnergies the right to acquire the entirety of Total Eren shares after five years.

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Gautamee Hazarika

More articles from Gautamee Hazarika.
AcquisitionRenewable EnergyStrategic AllianceTotal ErenTotalEnergies
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