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TotalEnergies SE ( (FR:TTE) ) just unveiled an update.
TotalEnergies has agreed to sell its sustainable consultancy and solutions affiliate, GreenFlex, to the French consulting and engineering group Oteis. This divestment aligns with TotalEnergies’ strategy to focus on energy production and supply. The acquisition will enable Oteis to leverage GreenFlex’s expertise in environmental and social consultancy, low-carbon energy performance, and transition financing, establishing a major player in sustainable consultancy. Post-divestment, TotalEnergies will remain a significant customer of GreenFlex, securing a contract for the production of French Energy Saving Certificates.
More about TotalEnergies SE
TotalEnergies is a global integrated energy company that produces and markets various forms of energy, including oil, biofuels, natural gas, biogas, low-carbon hydrogen, renewables, and electricity. With a workforce of over 100,000 employees, the company is committed to providing reliable, affordable, and sustainable energy across approximately 120 countries, placing sustainability at the core of its strategy and operations.
For detailed information about TTE stock, go to TipRanks’ Stock Analysis page.