What stake does Daniel Kretinsky’s EPH currently hold in TotalEnergies, and how was it acquired?

EPH owns about 4.2% of TotalEnergies, acquired last month in exchange for a 50% stake in gas and biomass power stations and battery projects across Italy, the UK, Ireland, the Netherlands, and France — a transaction valued at nearly €7.5 billion ($8.8 billion).

Why does Kretinsky consider increasing his stake in TotalEnergies strategically attractive?

Kretinsky views the stake as 'scalable' and particularly attractive because TotalEnergies has an enormous market capitalization, allowing EPH to allocate additional value there; he also notes that EPH’s ownership percentage could rise further if it chooses not to participate in TotalEnergies’ share buybacks, and emphasizes that strategic diversification remains his core principle.

Czech Billionaire Sees Potential to Boost TotalEnergies Stake

May 29, 2026

Czech billionaire Daniel Kretinsky may increase his TotalEnergies stake after EPH acquired 4.2% via an asset swap involving European gas and biomass projects. He views the oil major's large market cap as attractive for strategic diversification.

bloomberg

2026-05-29

Czech Billionaire Sees Potential to Boost TotalEnergies Stake

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