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TotalEnergies Considers $5B Neptune Purchase
TotalEnergies (NYSE: TTE) is looking at a possible takeover of independent Neptune Energy Group Ltd, anonymous sources familiar with the matter told Bloomberg on Thursday. TotalEnergies is said to have conducted early-stage talks with Neptune about a potential takeover, Bloomberg sources revealed. Neptune Energy Group is a gas-weighted company (76%) backed by private equity investor Carlyle Group Inc. and CVC Capital Partners, boasting 552 mmboe in proven and probable (2P) reserves and an average daily production of 135,000 boepd. Neptune has assets…
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