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TOTAL SA closes Saft Groupe deal

Total SA on Aug. 15 completed its deal to acquire Saft Groupe SA for a transaction value of €1.05 billion.

The company offered €36.5 per share for the stake.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

Cleary Gottlieb Steen & Hamilton LLP (France) was the legal adviser for TOTAL SA.

Bredin Prat & Associes was the legal adviser for Saft Groupe.