TotalEnergies SE TTEF.PA:
* SCOTLAND: TOTALENERGIES SELLS 25.5% OF SEAGREEN’S OFFSHORE WIND FARM TO PTTEP
* FOR A CONSIDERATION OF 522 MILLION POUNDS STERLING (689 MILLION DOLLARS)
* TOTALENERGIES WILL NOW HOLD 25.5% OF SEAGREEN ALONGSIDE PTTEP (25.5%) AND SSE RENEWABLES (49%)
* THIS TRANSACTION VALUES SEAGREEN $4.3 BILLION (AT 100%), OR A MULTIPLE OF 13 TIMES THE EXPECTED AVERAGE EBITDA OVER THE NEXT 5 YEARS
* ALSO, TOTALENERGIES AND PTTEP HAVE SIGNED AN AGREEMENT (MOU) AIM TO EXPLORE JOINT OPPORTUNITIES IN THE DEVELOPMENT OF RENEWABLE ENERGY.
* COMPLETION OF THE TRANSACTION IS SUBJECT TO OBTAINING APPLICABLE GOVERNMENT AND REGULATORY AUTHORIZATIONS
For more details, click on TTEF.PA
(Gdansk Office)