Total Direct Énergie
French business enterprise

Total Direct Énergie, formerly Direct Énergie, is a French international electric utility company, which operates in the fields of electricity generation and distribution, natural gas, and renewable energy. Founded in France in 2003 as an alternative to the historic monopoly Électricité de France, it is present in Belgium through the subsidiary Poweo.
Activities
The group produces electricity and serves 2.1 millions consumers in France and Belgium, both in retail and company-oriented market. It handles 800 MW of electricity production capacity, mainly gas power stations.
History
Founded in 2003, Direct Énergie made no profit in serving the corporate market nor the household market during its first years of existence. In 2008 is founded Neoen, a subsidiary dedicated to build and operate renewable power stations.
The group bought 46% of its competitor Poweo in 2011, before merging the following year.
In April 2018, the French energy major Total S.A. announced their bid to purchase 74% of Direct Énergie capital from their main stockholders, for 1.4 billion euros. On 6 July 2018 Total S.A. acquired 73.04% stake in the share capital of Direct Énergie. In September of that year, Total S.A. announced the acquisition of 95% of the shares and voting rights in the company, and that they would be beginning squeeze-out procedures to acquire the remaining shares.
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This entry incorporates text from “Total Direct Énergie” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.