Energetický a průmyslový holding (EPH)

Money Moves

Sold 50% stake, took TotalEnergies shares as payment

Five months after announcing the deal, TotalEnergies and Czech billionaire Daniel Křetínský's EPH closed their flexible-power joint venture on April 29, 2026. The new company, TTEP, is headquartered in Amsterdam, controls 14 gigawatts of operating or under-construction capacity across Italy, the UK, Ireland, the Netherlands, and France, and instantly becomes the second-largest operator of on-demand backup power in Europe. On the same day, TotalEnergies reported first-quarter 2026 adjusted net income of $5.4 billion — up 28.6% year-on-year — and said TTEP is expected to contribute roughly 10 terawatt-hours of electricity to its books in 2026, its first partial year of operation.

Updated Apr 30