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ISIN: FR0000120271 | WKN: 850727
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Engie negotiating LNG business sale to Total

French energy giant and LNG player Engie could be selling its liquefied natural gas (LNG) business to compatriot Total.

The two companies have already started talks over a possible sale, Reuters reports citing the financial newsletter La Lettre de l‘Expansion.

An agreement could be achieved over the following weeks, however, no price tag has yet been put on the deal.
Antwort auf Beitrag Nr.: 56.012.052 von R-BgO am 24.10.17 09:37:322017/11/08 Press release

Paris -

Total has signed an agreement with Engie to acquire its portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of $1.49 billion. This portfolio includes participating interests in liquefaction plants, notably the interest in the Cameron LNG project in the US, long term LNG sales and purchase agreements, an LNG tanker fleet as well as access to regasification capacities in Europe. Additional payments of up to $ 550 million could be payable by Total in case of an improvement in the oil markets in the coming years.

“The acquisition of Engie’s upstream LNG business enables Total to accelerate the implementation of its strategy to integrate along the full gas value chain, in an LNG market growing strongly at 5% to 6% per year. The combination of these two complementary portfolios will allow the Group to manage an overall volume of around 40 million tonnes of LNG per year by 2020, making Total the second largest global player among the majors with a worldwide market share of 10%”, commented Patrick Pouyanné, Chairman & Chief Executive Officer of Total. “With the equity stake in the Cameron LNG project, Total will also become an integrated player in the US LNG market, where the Group is already a gas producer”.

The proposed transaction is subject to the applicable legally required consultation and notification processes with employee representatives as well as approvals by the relevant regulatory authorities and partners on certain contracts. The transaction is expected to close by mid 2018 and will have an effective date of 1st January 2018.

Following the transaction, Total will take over the teams in charge of the LNG activities at Engie, which represents around 180 employees.

In addition, in parallel with this transaction, Total and Engie agreed to cooperate to promote the use of biogas and renewable hydrogen, with Engie becoming Total's priority supplier in this field.
Aktienrückkaufprogramm läuft
Die ersten 1,6% von 5Milliarden sind also schon mal ausgegeben. Macht schlappe 80Mio Stk.


Antwort auf Beitrag Nr.: 57.037.653 von Anders-And am 15.02.18 21:20:08Mal schauen ob Bridgewater Associates mit einsteigt und auch Aktien zurück kauft. Gegenüber der Vorwoche haben sie zumindest schon leicht reduziert.


Antwort auf Beitrag Nr.: 57.037.719 von Anders-And am 15.02.18 21:28:27
Bridgewater Associates
hat seine Position aufgegeben?


Schön zu sehen, dass sie sich auch mal falsch liegen.
Antwort auf Beitrag Nr.: 53.381.271 von R-BgO am 30.09.16 10:01:37
Renewables werden ausgebaut:
Thread: Direct Energie: Full year 2014 Result, Objectives achieved

Total to acquire Direct Energie

By Tom Kenning Apr 18, 2018

French power giant Total has signed an agreement with the controlling shareholders of another France-based power firm Direct Energie to acquire a 74.33% stake in the company for roughly €1.4 billion.

In terms of power generation, Direct Energie has an installed base of 800MW in gas-fired power plants and 550MW of renewable energy. It is the parent company of Neoen, which has solar and wind assets across several countries including France, El Salvador and Australia among others. Last October, Direct Energie also completed its acquisition of Quadran, which has renewable energy assets predominantly in France.

Moreover, Direct Energie has a 400MW gas-fired power plant under construction and a 2GW pipeline of renewable electricity projects in France, which will complement Total’s own 900MW of installed power capacity.

Combined with Total Eren, its renewables arm in emerging markets, and Sunpower in the US, Total is now targeting 10GW of installed capacity within five years across gas-fired power plants and renewables.

From a wider perspective, Total’s move follows a trend of other oil majors in entering the utility market whilst also snapping up renewable energy assets and other forms of low carbon energy. In this case, Total’s 1.5 million customer portfolio will be combined with Direct Energie’s 2.6 million-strong portfolio in France and Belgium, and Total plans to reach 7 million customers across the two countries by 2022. Total will now be more competitive against its other French utility rivals Engie and EDF.

Other oil majors, Shell and BP have made similar big moves of late. In terms of solar, PV Tech has reported on a panel of operators suggesting that solar companies will have to find a strategic sweet spot in which to operate as big oil majors return to the sector.

Commenting on the latest deal, Patrick Pouyanné, chairman and CEO of Total, said: “Through this transaction, Total is actively pursuing its development in electricity and gas generation and distribution in France and Belgium. This friendly takeover is part of the Group’s strategy to expand along the entire gas-electricity value chain and to develop low-carbon energies, in line with our ambition to become the responsible energy major."

The share purchase price in the deal was €42. Direct Energie’s Board of Directors has already approved the transaction. On completion of the acquisition, Total will file a tender offer with the French Financial Market Authority for the securities of Direct Energie. The transaction remains subject to a consultation process of the employee representative bodies.

Xavier Caïtucoli, chairman and CEO of Direct Energie, said: “The Direct Energie teams will be at the heart of the strategy of one of the greatest French companies. I have no doubt that their hard work, creativity and talents will allow the new entity to expand its ambitions”.
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