TotalEnergies (TTE) has agreed to acquire 50% of Energetický a pr?myslový holding’s (EPH) flexible generation platform—spanning gas-fired plants, biomass units, and batteries—in a €5.1 billion all-stock transaction that deepens the French major’s integration of gas, LNG, and power across Europe. The deal, valuing the portfolio at €10.6 billion (7.6x expected 2026 EBITDA), will create a 50/50 joint venture between TotalEnergies and EPH, placing more than 14 GW of flex-gen assets under shared industrial man ...