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Total Takeover Rumours (TTA)

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Total would be part of a long list of contenders for the takeover of the Dutch company, Eneco. The oil major would already work with several advisers to make this acquisition which could amount to 4 billion euros, believes Bloomberg. The company specializing in the production of green energy belongs to dozens of Dutch municipalities. It has more than 2 million customers in the Netherlands, Belgium, Germany and the United Kingdom. In addition to Total, Royal Dutch Shell, Engie, Enel, Macquarie Group and Mitsubishi are on the line. Total, along with other giants in the oil industry, are trying to become less dependent on black gold by entering the electricity sales market. With this in mind, the French group has already achieved several fine deals with the acquisition of the Belgian company Lampiris in 2016 and Direct Energie last year. By 2022, Total aims to have more than 6 million customers in electricity and gas in France, and 1 million in Belgium.
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