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Direct Energie SA (DIREN.PA)

DIREN.PA on Paris Stock Exchange

42.60EUR
23 Apr 2018
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Wed, Apr 18 2018

BRIEF-Luxempart Sells Its Stake In Direct Energie

* IMPACT ON NAV PER SHARE PUBLISHED ON MARCH 15 IS ESTIMATED AT ABOUT EUR 1.80 PER SHARE Source text for Eikon: Further company coverage: (Gdynia Newsroom)

Oil major Total pays $1.7 billion for French electricity retailer

PARIS Oil company Total said it will buy a majority stake in French electricity retailer Direct Energie in a 1.4 billion euro ($1.73 billion) deal that beefs up its challenge to state-owned market leader EDF .

UPDATE 3-Oil major Total pays $1.7 bln for French electricity retailer

* Direct Energie shares jump to level of offer (Adds analyst comment, background on peers)

REFILE-Total buys French electricity retailer Direct Energie

PARIS, April 18 French oil major Total said it will buy a majority stake in electricity retailer Direct Energie in a 1.4 billion euro ($1.73 billion) deal that will make it a major competitor for top French power utility EDF.

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