French energy major Total has completed the acquisition of a 73.04% stake in gas and renewable power provider Direct Energie. The deal is worth in the region of €1.4 billion (US$1.65 billion).

Following its public tender offer on Direct Énergie shares, Total (Paris:FP) (LSE:TTA) (NYSE:TOT) holds 44,417,802 Direct Énergie shares, representing 44,820,386 voting rights, i.e. 95.37 % of ...