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Total Takes Direct Energie in $1.66 Billion 'Friendly Takeover'

oil_gas_production

Industry Segment: Production | Word Count: 809 Words

GALWAY, IRELAND--May 15, 2018--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--French oil and gas major Total S.A. (NYSE:TOT) (Paris, France) has agreed to pay 1.4 billion euro ($1.66 billion) to increase its share of the domestic power sector with the purchase of power retailer Direct Energie (Paris, France).

Within this article: Details deal value, customers gained, shape of French retail power market, related Total power assets and tracked projects.

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