TTE - Mergers and acquisitions

TotalEnergies (PARIS:TTE) (LSE:TTE) (NYSE:TTE) announces the completion of the transaction concluded with Galp in December 2025, by which: TotalEnergies acquires from Galp a 40% operated interest in the PEL83 license, holding the Mopane discovery, and; Galp acquires from TotalEnergies a 10% participating interest in the PEL56 license, holding the Venus discovery and a 9.39% participating interest in the PEL91 license. Further to the completion of this transaction, TotalEnergies holds a 40% operated interest in the PEL83 license alongside Galp (40%), Namcor (10%) and Custos (10%), a 35.25% operated interest in the PEL56 license, alongside QatarEnergy (35.25%), Galp (10%), Namcor (10

The acquisition of Shell’s onshore renewables portfolio complements TotalEnergies’ power generation activities in four key European countries. The transaction with KKR is in line with TotalEnergies’ business model of selling 50% stakes in renewable assets once developed. In line with its Integrated Power strategy in Europe focused on selected deregulated markets, as illustrated by the recent transaction with EPH, and with its business model designed to optimize capital allocation in renewables, TotalEnergies (PARIS:TTE) (LSE:TTE) (NYSE:TTE) announces the signing of two transactions in Europe: - The acquisition of a 4 GW renewables portfolio from Shell, including 500 MW of solar and