Freshfields advised TotalEnergies on its all-stock acquisition of 50% of EPH’s 14+ GW portfolio of flexible power generation assets, with a JV enterprise value of €10.6 billion
Freshfields advised TotalEnergies on its all-stock acquisition of 50% of EPH’s 14+ GW portfolio of flexible power generation assets, with a JV enterprise value of €10.6 billion
The Global leading law firm Freshfields is advised TotalEnergies SE (“TotalEnergies”) on its proposed all-stock acquisition of 50% of the flexible power generation platform of Energetický a průmyslový holding, a.s. (“EPH”) in Western Europe. The portfolio with more than 14 GW of flexible generation in operation or under construction, comprises gas-fired and biomass power plants and batteries, in Italy, United Kingdom and Ireland, Netherlands and France, with an enterprise value of €10.6 billion.
The transaction is subject to the legal information and consultation process of the relevant employee representatives and to the approval of the competent authorities. Completion is expected mid-2026.
Graham Watson said, “We are delighted to support TotalEnergies on another major deal - having advised on its US$7.45bn acquisition of Maersk Oil and now as it accelerates its gas-to-power integration strategy in Europe - with our expertise for complex, multi-jurisdictional energy and real asset deals and first class French M&A capability.”
Hervé Pisani said, “We are very pleased to advise TotalEnergies on another of its most significant transactions, combining our sector knowledge and our cross-border M&A expertise.”
The Freshfields multi-jurisdictional team was led by Graham Watson (Partner), Richard Thexton (Partner), Hervé Pisani (Partner), Doug Bryden (Partner), Peter Clements (Partner), Alastair Mordaunt (Partner), Gwen Senlanne (Partner), and Aïleen Legre (Counsel), and Tara Gazzard (Senior Associates), Toby Halford (Toby Halford).
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