Total to acquire a 23 per cent stake in EREN Renewable Energy for $282.6 million

France-based integrated oil and gas company Total has signed an agreement to acquire a 23 per cent stake in French renewable energy group EREN Renewable Energy (EREN RE) for $282.6 million. The agreement enables Total to take over the control of EREN RE after five years. The acquisition will support its growth in the solar business and wind power market.

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