L R AS Published on Monday 23 April 2018 - n° 230 - Categories:French companies
Total and Direct Energy continued
Total's acquisition of French alternative electricity operator Direct Energie should enable it to generate between €250 and €300 million in synergies, according to the oil group. The operation will cost it €1.4 billion and €2.4 billion with the company's debt.
If Total wants to acquire Direct Energie, it is to add its 0.5 million subscribers in January 2018 to Direct Energie's 2.6 million subscribers and to reach 3.5 million by the end of 2018 and acquire the n°3 position in France.
L'Usine Nouvelle of 18 and 19 April
Total has obtained the agreement of the shareholders representing 74% of Direct Energie's share capital.
The French electricity and gas markets have already attracted 198 alternative suppliers for electricity and 73 for gas, counting both domestic and non-domestic suppliers.
Batirama of 19 April
