White & Case advises EREN Group and Total Eren on acquisition of Total Eren by TotalEnergies
1 min read
Global law firm White & Case LLP has advised leading natural resources player EREN Group and its subsidiary Total Eren, a renewable energy production leader, on the acquisition of Total Eren by TotalEnergies.
The deal, which values Total Eren at €3.8 billion, enables TotalEnergies to increase its stake from around 30 percent to 100 percent.
Total Eren's investors Bpifrance, Tikehau Capital, Peugeot Invest and NextWorld are selling their minority stakes as part of the transaction, which follows a strategic agreement signed between TotalEnergies and EREN Group in 2017.
EREN Group and TotalEnergies are also continuing their cooperation in green hydrogen through a new partnership in an entity named TEH2, which is 80 percent owned by TotalEnergies and 20 percent owned by EREN Group.
The White & Case team which advised on the transaction was led by partner Guillaume Vallat (Paris) and included partners Orion Berg, Alexandre Jaurett and Estelle Philippi (all Paris), international law clerk Johanne Dubucq (New York) and associate and Florent Giraud (Paris).
For more information please speak to your local media contact.