Daniel Kretinsky, the Czech billionaire investor, has indicated he may increase his stake in TotalEnergies, the French oil and gas major. Speaking publicly, he stated that with his current holding below 5 percent, further diversification into the energy giant remains a viable option.
The potential stake boost comes at a time when TotalEnergies navigates a complex global energy landscape. The firm maintains significant operations across upstream production, liquefied natural gas, and renewable energy development.
Kretinsky's energy investment vehicle, EPH, has a track record of acquiring strategic positions in European energy infrastructure. An increased stake in TotalEnergies would deepen his exposure to both traditional hydrocarbons and the company's expanding low-carbon businesses.
TotalEnergies has not commented on Kretinsky's remarks. The company continues its dual strategy of maintaining oil and gas output while building a portfolio in solar, wind, and power trading.
While Kretinsky frames the potential move as diversification, some analysts caution that any significant accumulation could face regulatory hurdles in France, where energy assets are considered strategically important.