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TotalEnergies buys £5.1bn stake in Czech tycoon’s power plants business

17.11.2025 15:13 | The Guardian World

Daniel Křetínský to become a major shareholder in French oil company as part of deal creating 50:50 joint ventureThe Czech billionaire Daniel Křetínský is to become one of the largest shareholders in TotalEnergies after selling a stake in his electricity generation business, which includes several UK power plants, to the French oil company.Křetínský, whose companies own stakes in Royal Mail and West Ham United football club, agreed to sell a 50% stake in his stable of European power plants to TotalEnergies for about €5.1bn ($5.9bn) in exchange for about 4.1% of Total’s share capital. Continue reading...

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