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New Deal


Announced

Completed

Total and Adani formed a joint venture in a c.$500m deal.

Financials

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Transaction Value£384m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Completed

Friendly

Joint Venture

Majority

Private

Acquisition

Single Bidder

solar energy

Renewable Energy Equipment

India

Cross Border

Synopsis

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Total, an energy company that produces and markets fuels, natural gas and low-carbon electricity, and Adani, an Indian renewables company, formed a joint venture in a c.$500m deal. “Total is fully engaged in the energy transition and to supporting India, a key country in the fight against climate change, in diversifying its energy mix through partnerships in natural gas and now in solar energy. This interest in over 2 GW of solar projects represents another big step of our investment in India's energy sector. It will support our ambition to contribute to the deployment of 25 GW of renewable capacities by 2025. We are thrilled to extend the partnership with the Adani Group to renewable energies, which will allow us to benefit from its in-depth knowledge of the Indian electricity market,” Patrick Pouyanné, Total Chairman & CEO.

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