After having acquired a first block of 73% of the capital, Total had launched a takeover bid, allowing it to secure 95.37% of the capital and at least 95.33% of the voting rights.
“Once the settlement-delivery transactions of the shares of the tendered offer are finalized, Total intends to request the implementation of the squeeze-out procedure,” the group confirms in a statement. Total will thus ensure that it owns 100% of the capital.
All the steps to reacquire Direct Energie are done at the same price of 42 euros per share.