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Total to acquire a majority stake in Direct Energie for 1.4 billion euros

19.04.2018 13:00:06

French oil giant Total planned to buy a majority stake in the electricity supplier Direct Energie for 1.4 billion euros, the finversia.ru project wrote with reference to the message from Dow Jones Total, like other major oil players, is trying to change the strategy in the conditions of abandonment of fossil fuels and solve the problem of finding a market for the growing supply of natural gas. The company plans to provide electricity to 7 million customers in France and Belgium by 2022. Thanks to the deal with Direct Energie, Total will receive 2.6 million new customers in the electric power sector of these countries. It will also receive hydro electric power plants and installations, operating on renewable energy sources with a capacity of about 1.4 gigawatt.

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Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...

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Elon Musk’s SpaceX in talks to raise new funds at $44 billion valuation

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CoreLogic rejects $7 billion offer from Cannae Holdings and Senator Investment LP

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Alibaba's co-founder Jack Ma sells $8.2 billion shares, stake falls to 4.8%

Alibaba Group Holding Ltd's (BABA) co-founder Jack Ma sold $8.2 billion worth of shares, reducing his stake in the company over the past year from 6.2% to 4.8%. The Chinese e-commerce company released its annual report on Friday. The divestment ...

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