TotalEnergies Boosts Power Business with $5.9 Billion Europe Deal ...Middle East

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TotalEnergies Boosts Power Business with $5.9 Billion Europe Deal
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TotalEnergies is expanding its power business in Europe with a multi-billion all-stock deal to buy 50% of the flexible power generation assets of Czech firm EPH.   The French supermajor on Monday announced a $5.9-billion (5.1 billion euros) all-stock transaction with Energetický a pr?myslový holding, a.s. (EPH) to acquire 50% of its flexible power generation platform in Western Europe. The deal is for gas-fired and biomass power plants, as well as batteries, in Italy, the United Kingdom, Ireland, the Netherlands, and France.…

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