Total spends $1.7 billion for controlling stake in Direct Energie

https://www.ogj.com/articles/2018/04/total-spends-1-7-billion-for-controlling-stake-in-direct-energie.html

Looking to expand in the natural gas-electricity value chain, French major Total SA has agreed to acquire a 74.33% stake in French utility Direct Energie (DE) for $1.7 billion. The move will make Total the second-largest power supplier in France, after EdF.