Breakingviews - Adani’s US woes put TotalEnergies on the spot
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 22 2024
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Source: Reuters
TotalEnergies' Connection with Adani: TotalEnergies CEO Patrick Pouyanné maintains a significant partnership with Indian billionaire Gautam Adani, despite the latter facing U.S. bribery charges related to solar-power contracts, which poses potential risks for Total's reputation and investments in India.
Legal Challenges and Market Impact: The U.S. Securities and Exchange Commission has charged Adani and others with fraud, alleging they paid bribes to secure contracts, while TotalEnergies' share price remains relatively stable, indicating investor confidence in the company's handling of the situation compared to past challenges like those in Iran.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
