# 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.

- Type: Acquisition
- Announced: 2025-11-17
- Value: $5.50B (5.10B EUR)
- Status: announced
- Capacity: 14 GW
- Products: flexible power generation, gas-fired power, biomass power, battery storage
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [TotalEnergies](https://endata.com/companies/9252.md) (acquirer)
- [Energetický a průmyslový holding](https://endata.com/companies/38988.md) (target)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/879764/000110465925117050/tm2532372d1_ex99-9.htm), 2025-11-17: "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."
- [marketscreener.com](https://www.marketscreener.com/news/totalenergies-to-form-flexible-power-jv-with-kretinsky-s-eph-in-5-9-billion-deal-ce7d5fd3d181f225), 2025-11-17: "TotalEnergies said it agreed to buy 50% of Daniel Kretinsky-owned EPH's flexible power-generation platform to form a joint venture in a 5.1 billion-euro ($5.93 billion) all-stock deal."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.