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Total s Acquisition of 20% Stake in Adani Green Energy Limited – Global Legal Chronicle

Total s Acquisition of 20% Stake in Adani Green Energy Limited – Global Legal Chronicle
globallegalchronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globallegalchronicle.com Daily Mail and Mail on Sunday newspapers.

Total invests in solar energy

Advertisement Total has announced the acquisition of a 20% minority interest in Adani Green Energy Limited (AGEL) from Adani Group. The transaction marks the deepening partnership between the Adani Group – India’s leading infrastructure platform – and Total, in the transition and green energy fields in India. The investment in AGEL is another step in the strategic alliance between the companies, which covers investments in LNG terminals, gas utility business, and renewable assets across India. This is in-line with the commitment of both Adani and Total to be leading participants in the sustainable economy of the future and help India in its quest for development of renewable energy.

French energy major Total proposes to acquire 20% stake in Adani Green Energy

French energy major Total proposes to acquire 20% stake in Adani Green Energy IANSJan 18, 2021, 12:46 IST BCCL Ahmedabad, Deepening its strategic alliance in India s sustainable energy space, French energy major Total proposes to acquire 20% minority interest in Adani Green Energy Ltd. (AGEL). The deal will be completed with Total acquiring shares held by the Adani Promoter Group in AGEL. The transaction marks the deepening partnership between the Adani Group and Total in the transition and green energy fields in India. Advertisement The investment in AGEL is another step in the strategic alliance between Adani Group and Total, across various businesses and companies of the Adani Group, covering investments in LNG terminals, gas utility business, and renewable assets across India.

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