Křetínský Buys Stake in TotalEnergies
Update: 2025-11-17
Description
Daniel Křetínský, owner of Royal Mail, to become major shareholder in TotalEnergies, acquiring a four point one percent stake for four point five billion pounds. He will sell half of his Eastern European power business, EPH, to TotalEnergies in exchange for shares. TotalEnergies aims to strengthen its position in Europes electricity markets and boost profits from liquefied natural gas exports. This deal highlights a broader trend in the energy sector and validates Křetínskýs strategy of investing in fossil fuel assets across Europe.
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