Doha: French energy giant TotalEnergies announced that it has agreed to acquire 50% of the flexible power generation platform of the Czech energy firm EPH in Western Europe, in a comprehensive all-stock transaction valued at EUR 5.1 billion (approximately USD 5.92 billion).

According to Qatar News Agency, under the agreement, EPH will receive EUR 5.1 billion (USD 5.92 billion), making it one of the largest shareholders in the French energy giant, with an equity stake of roughly 4.1%, the French firm highlighted in a statement Monday.

It highlighted that the deal will establish a joint venture to manage gas and biomass power plants, as well as battery storage systems across Italy, the United Kingdom and Ireland, the Netherlands, and France.

According to the statement, TotalEnergies expects the transaction to have an immediate positive impact on free cash flow per share and to accelerate the timing of positive cash contributions from its integrated energy segment to 2027, rather than the previous projection of 2028.

This deal represents an additional step in TotalEnergies' ambition to become a leading fully integrated player in the European electricity sector, combining renewable energy sources with flexible generation capacity to meet rising demand from critical sectors such as data centers.