Total completes the acquisition of 73% of Direct Energie and files a mandatory tender offer

direct-energie.com | July 6, 2018

 total
Total and Direct Energie announce the completion of the acquisition today by Total of 73.04% of the share capital of Direct Energie , for 42 euros per share, representing approximately 1.4 billion euros.
This acquisition which is subsequent to the satisfaction of all conditions precedent referred to in the agreements executed on April 17, 2018 with Direct Energie’s main shareholders was followed today by the filing by Total of a mandatory tender offer for the shares in Direct Energie which are not yet held by Total, at the same price of 42 euros per share. This proposed offer remains subject to review by the AMF, which will assess its compliance with applicable laws and regulations.

 

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