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.

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

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.