Total To Pay $1.7B For French Utility Direct Energie

By Annie Pancak (April 18, 2018, 7:40 PM EDT) -- French energy giant Total said Wednesday that it will buy Paris-based utility Direct Energie in a €1.4 billion ($1.7 billion) deal, strengthening the company's presence as an electricity provider in France and Belgium.

The move comes as Total SA has been establishing itself as a "leading alternative supplier" of natural gas and electricity, after announcing in 2015 that it would set aside $500 million per year for renewable energy development.

Direct Energie's board of directors unanimously approved Total's plan to acquire nearly 75 percent of the electric utility's shares at €42 per share, according to statements from the companies. The price represents...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!