TotalEnergies (TTE) on track to acquire VSB Group for ~€2B, expanding its renewable energy portfolio with projects in Europe and Saudi Arabia.

French energy major TotalEnergies and Partners Group are in advanced discussions to close the acquisition of VSB Group, according to a Bloomberg report. The deal values the renewable energy firm at $2.

By America Hernandez PARIS (Reuters) -French oil major TotalEnergies is close to acquiring vertically-integrated renewable developer VSB Group from private equity firm Partners Group for about 2 billion euros ($2.

TotalEnergies SE is close to acquiring VSB Group from private equity firm Partners Group Holding AG, in a deal that values the renewable project developer at about €2 billion ($2.1 billion), according to people familiar with the matter.

Germany-based VSB Group provides project management and environmental planning services across solar, hydro, and wind power sectors.