financetom
Business
financetom
/
Business
/
TotalEnergies suspends Adani Green investment, awaiting clarity on bribery case, says CEO
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
TotalEnergies suspends Adani Green investment, awaiting clarity on bribery case, says CEO
Nov 26, 2024 11:21 AM

LONDON, Nov 26 - TotalEnergies will pause

investment in its Adani Green energy project until there is

further clarity on a U.S. bribery case against Indian

billionaire Gautam Adani, the French group's CEO, Patrick

Pouyanne, said on Tuesday.

The French company, which holds close to a 19.8% stake in

Adani Green, has other options in its portfolio to meet its

renewable energy growth targets, Pouyanne told Reuters on the

sidelines of the Energy Intelligence Forum.

Pouyanne emphasised that his company was not quitting the

project, but that it will not be providing financing for any new

scheme.

TotalEnergies said on Monday that it had not been informed

about a U.S. investigation into possible bribery and corruption

at Adani Green Energy Limited, adding that it will stop

financial contributions to its Adani Group investments after

last week's indictment.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Transdigm Group Insider Sold Shares Worth $11,651,377, According to a Recent SEC Filing
Transdigm Group Insider Sold Shares Worth $11,651,377, According to a Recent SEC Filing
Mar 13, 2024
04:22 PM EDT, 03/13/2024 (MT Newswires) -- Kevin M Stein, President & CEO, on March 12, 2024, sold 10,000 shares in Transdigm Group ( TDG ) for $11,651,377. Following the Form 4 filing with the SEC, Stein has control over a total of 8,158 shares of the company, with 8,158 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1260221/000095017024030783/xslF345X03/ownership.xml Price: 1187.4, Change: -1.27, Percent...
Transdigm Group Insider Sold Shares Worth $11,562,892, According to a Recent SEC Filing
Transdigm Group Insider Sold Shares Worth $11,562,892, According to a Recent SEC Filing
Mar 13, 2024
04:21 PM EDT, 03/13/2024 (MT Newswires) -- Jorge Valladares, Director, on March 12, 2024, sold 9,799 shares in Transdigm Group ( TDG ) for $11,562,892. Following the Form 4 filing with the SEC, Valladares has control over a total of 11,000 shares of the company, with 11,000 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1260221/000095017024030785/xslF345X03/ownership.xml Price: 1187.4, Change: -1.27, Percent Change: -0.11...
Jushi Holdings Inc. Reports Fourth Quarter And Full Year 2023 Financial Results
Jushi Holdings Inc. Reports Fourth Quarter And Full Year 2023 Financial Results
Mar 13, 2024
04:22 PM EDT, 03/13/2024 (MT Newswires) -- Jushi Holdings Inc. ( JUSHF ) , a vertically integrated, multi-state cannabis operator, announced Wednesday its financial results for the fourth quarter full year ending Dec. 31, 2023. The company reported maintaining a strong Gross Profit Margin of 40.2% in Q4 2023 and 43.1% for FY 2023; and a Net Loss of $18...
Salesforce Insider Sold Shares Worth $4,596,444, According to a Recent SEC Filing
Salesforce Insider Sold Shares Worth $4,596,444, According to a Recent SEC Filing
Mar 13, 2024
04:21 PM EDT, 03/13/2024 (MT Newswires) -- Marc Benioff, Director, Chair and CEO, on March 12, 2024, sold 15,000 shares in Salesforce ( CRM ) for $4,596,444. Following the Form 4 filing with the SEC, Benioff has control over a total of 23,206,166 shares of the company, with 13,206,166 shares held directly and 10,000,000 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1108524/000112760224009982/xslF345X03/form4.xml ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved