French oil giant Total is buying high-tech battery maker Saft for €950m (£749m) as it seeks to expand its electricity and renewable energy business. The offer values Saft’s shares at €36.50 apiece, a 38pc premium to the company’s share price on Friday, before the acquisition was made public. Total, which like other oil majors has been battling with persistently weak oil prices, said last month it would set up a new branch for gas, renewable energy and electricity. The company already has…
French oil firm Total bets on renewable energy with near €1bn bid for battery maker Saft
More of Today's Solutions
Brazil’s new law blames platform design for harming kids, not parents
BY THE OPTIMIST DAILY EDITORIAL TEAM If you have ever lost an hour to a video feed you never meant to open, you understand ...
Read MoreGiant sequoia clones from 3,000-year-old trees are taking root in Detroit
BY THE OPTIMIST DAILY EDITORIAL TEAM In California's Sierra Nevada, giant sequoias have stood for millennia. The largest trees top 300 feet, live past ...
Read MoreThis herb helps postmenopausal women age better
Aging gracefully is an art that involves maintaining good health—but, as we age, our bodies become more vulnerable and will need extra attention. In ...
Read MoreIndia bans single-use plastics
India experiences worse-than-average plastic pollution with single-use plastic water bottles and containers finding their way into streets and important waterways. To rein in this ...
Read More
