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.
Regulatory News: Total (Paris:FP) (LSE:TTA) (NYSE:TOT) announces the acquisition of a 20% minority interest in Adani Green Energy Limited (AGEL) from Adani Group. The transaction marks the deepening
France s Total to acquire 20% stake in Adani Green
In 2018, Total had acquired a 37.4 percent stake in Adani Gas Limited and 50 percent stake in its subsidiary Dhamra LNG project.
French oil major Total SE will acquire a 20 percent stake in Adani Green Energy Limited (AGEL).
In a press release, the Gautam Adani-backed company said that Adani Promoter Group will sell 20 percent minority stake in AGEL to the French energy company. 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, the company said in the press release.
In 2018, TOTAL and Adani embarked on the energy partnership with investment by TOTAL in Adani Gas Ltd, city gas distribution business, associated LNG terminal business and gas marketing business.
Investment / French Energy Giant TOTAL to Acquire 20% Stake in Adani Green Energy for $2.5 billion
Team VTV 03:58 PM, 18 Jan 21 | Updated: 06:27 PM, 18 Jan 21
French oil major Total SE will acquire a 20 percent stake in Adani Green Energy Limited (AGEL).
In a press release, the Gautam Adani-backed company said that Adani Promoter Group will sell 20 percent minority stake in AGEL to the French energy company.
A strategic alliance between Adani Group and TOTAL 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, the company said in the press release.