TotalEnergies, 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...
TotalEnergies, a French-headquartered energy company, has told investors it has a “limited” $3.1 billion exposure to Indian conglomerate Adani Group, representing a 2.4% of its worldwide investment activities.
TotalEnergies... TotalEnergies, a French-headquartered energy company, has told investors it has a “limited” $3.1 billion exposure to Indian conglomerate Adani Group, representing a 2.4% of its worldwide investment activities. TotalEnergies TTE TTE said it has a 50% stake in Adani Total Private Limited, owns 37.4% of Adani Total Gas Ltd. 542066 , has a 20% minority interest in Adani Green Energy 541450 and a 50% stake in solar assets owned by AGEL23, for $2.5 billion. AGEL23 is a jointly owned venture between the French energ giant and Adani Green Energy from 2020 to expand solar power generation in India.“TotalEnergies’ exposure resulting from these stakes is limited, as it represents 2.
Read: Adani Group market cap losses reach $105 billion after share sale cancellation from flagship company
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