TotalEnergies acquires 50% stake in EPH's flexible power generation platform

TotalEnergies signed an agreement to acquire 50% of EPH's flexible power generation platform (gas-fired and biomass power plants, batteries) in Western Europe, valued at €10.6 billion enterprise value. EPH will receive €5.1 billion in TotalEnergies shares, becoming a 4.1% shareholder.

“TotalEnergies announces the signing of an agreement with Energetický a průmyslový holding, a.s. (EPH) for the acquisition of 50% of its flexible power generation platform.”sec.gov

• 2 sources
• sec.govNov 17, 2025
• marketscreener.comTotalEnergies to Form Flexible Power JV With Kretinsky's EPH in $5.9 Billion Deal | MarketScreenerDow JonesNov 17, 2025

Summarized from public sources; check the original articles before acting on it.