TotalEnergies to acquire VSB from Partners Group for €1.57bn.

TotalEnergies, a European multinational integrated energy and petroleum company, agreed to acquire VSB, a renewable energy platform, from Partners Group, a Swiss asset manager, for €1.57bn. "In line with our strategy, these transactions will enable us to optimize our capital allocation in renewables and contributes to improve the profitability of our Integrated Power business. We welcome the 500 employees of VSB Group and their leading onshore wind expertise in European markets. Their competences and assets will contribute to the development of our Integrated Power strategy in Europe, and notably in Germany," Stéphane Michel, TotalEnergies President of Gas, Renewables and Power.