Deal Snapshot
TOTAL CLOSES EUR 1.4BN ACQUISITION OF 73% OF DIRECT ENERGIE
Thursday 12 July 2018

French oil and gas major Total (PAR: FP) (LSE: TTA) (NYSE: TOT) has closed the acquisition of 73.04% of the share capital of French energy firm Direct Energie for EUR 42 per share, representing approximately EUR 1.4bn (USD 1.63bn), the company said.
This acquisition, which is subsequent to the satisfaction of all conditions precedent referred to in the agreements executed on 17 April 2018 with Direct Energie's main shareholders, was followed by the filing by Total of a mandatory tender offer for the shares in Direct Energie which are not yet held by Total, at the same price of EUR 42 per share.


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Details
Date Published: 12/07/2018
Target: Direct Energie/73.04%
Country: France
Deal Size: 1.63bn (USD)
Sector: Utilities
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor:
Buyer: Total
Comment:


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