France’s oil major is stepping up its power business, replicating the strategy of European peers as the global shift toward cleaner energy gathers pace.
Total SA agreed to buy Paris-based utility Direct Energie, adding 2.6 million electricity and gas customers in France and Belgium. The deal puts Total in a stronger position to lure households away from market leaders Electricite de France SA and Engie SA, and follows a similar utility acquisition by Royal Dutch Shell Plc in December.
Brazil Energy Insight 
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