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France-based multi-energy company TotalEnergies is reportedly in talks with Gautam Adani’s Adani Green Energy to pump up $700 million in the business.
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The move is part of its expansion plans for clean energy projects portfolio in the region, Bloomberg report.
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If the talks are successful, the investment will mark the first public deal between two firms since Hindenburg released its report on Adani Group.
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As of now, TotalEnergies already owns a 19.75% stake in Adani’s green energy business.
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