TotalEnergies SE Chief Executive Officer Patrick Pouyanne said the French energy giant may sell part of its stake in Adani Green Energy Ltd. to capitalise on the Indian renewable producer’s rising valuation.

TotalEnergies acquired 20 per cent of Adani Green in 2021 for $2 billion, extending its series of deals with Indian billionaire Gautam Adani. The French company still holds 19 per cent of the renewable energy firm, according to data compiled by Bloomberg.

Speaking to investors in New York on Monday, Pouyanne called Adani Green a “very good company” and echoed comments from three years ago that TotalEnergies intends to reduce its stake.

“If I was able to sell a quarter of my shares to recoup my $2 billion and to be neutral, I would be very happy,” he said.

In July, Adani Green repor

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