TotalEnergies said on Friday its exposure to ventures with India's Adani Group was limited and that it had not revalued its stakes in Adani Total Gas and Adani Green Energy after sharp falls in their share prices.
"These investments being accounted for under the equity method, TotalEnergies has not performed any re-evaluation in its accounts of its stakes in the listed entities ATGL and AGEL," Total said in a statement.
Its investments were undertaken in compliance with Indian laws and its own governance process, TotalEnergies said. "This represents just 0.1% of the $35.1 billion of net income that we expect TotalEnergies to 2022," Clint wrote in an investment note earlier this week.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
TotalEnergies says has limited exposure to Adani Group companiesFrench oil major TotalEnergies SE said on Friday its exposure to ventures with India's Adani Group is limited and is not re-evaluating its stakes in Adani Total Gas and Adani Green Energy .
Les mer »
TotalEnergies reveals $3.1 billion exposure to Adani falloutTotalEnergies, a French energy company, has told investors it has a $3.1 billion exposure to Indian conglomerate Adani Group, representing a 2.4% of its...
Les mer »
Adani vs Hindenburg: Adani's wealth tanked $52 billion in 6 daysGautam Adani lost $52 billion in 6 days. That's over 3 times what Sam Bankman-Fried lost in a similar timeframe.
Les mer »
Adani vs Hindenburg: Adani's wealth tanked $52 billion in 6 daysGautam Adani lost $52 billion in 6 days. That's over 3 times what Sam Bankman-Fried lost in a similar timeframe.
Les mer »
Exclusive: Adani made scheduled U.S. bond payments, to release credit report Friday -sourcesAdani Group entities made scheduled coupon payments on outstanding U.S. dollar-denominated bonds on Thursday, a bondholder and a source with direct knowledge of the Indian conglomerate's strategy told Reuters.
Les mer »
Adani short seller attack adds to headwinds for Indian stocksThe battle royal between a well-known U.S. short seller and a well-connected Indian billionaire hits the Indian markets at a delicate time.
Les mer »