-- TotalEnergies (TTE.PA, TTE.L) completed the acquisition of a 50% stake in Energetický a průmyslový holding, or EPH's, flexible power generation platform in Western Europe.
The French energy giant said Wednesday the transaction, effective the same day, forms a new Amsterdam-based entity, TTEP, and the company will issue about 95.4 million shares to EPH, giving it an about 4.2% stake.
TTEP, through its subsidiaries, owns and operates gas, biomass-based power plants, and battery energy storage systems assets across Italy, the UK, Ireland, the Netherlands, and France.