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TotalEnergies Says It Could Trim Its Stake in Adani Green

  • Value of investment has soared to $10 billion since purchase
  • Adani Green’s balance sheet is ‘safe,’ TotalEnergies CEO says
TotalEnergies SE headquarters in Paris.

TotalEnergies SE headquarters in Paris.

Photographer: Benjamin Girette/Bloomberg
Updated on

TotalEnergies SE said it could sell a small part of its 20% stake in Adani Green Energy Ltd. to cash in on the jump in the valuation of the Indian renewable energy producer.

The French energy giant bought 20% of Adani Green in 2021 for $2 billion, building on a series of previous deals with Indian billionaire Gautam Adani. That stake was worth about $10 billion at the end of August, according to TotalEnergies.