SGPEY
Saft Groupe SA ADRGrey Market
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  • Mon, May 9, 3:42 AM
    • Total (NYSE:TOT) has agreed to buy Saft Groupe (OTC:SGPEY) for €36.50 a share, valuing the battery manufacturer's equity at €950M.
    • "The combination will enable Saft to become the group's spearhead in electricity storage," Total Chief Executive Patrick Pouyanne said.
    • Last month, Total announced the creation of a new division to help drive its ambition to become a top renewables and electricity trading player within twenty years.
    | Mon, May 9, 3:42 AM | 2 Comments