Serica Energy plc to acquire TotalEnergies

Serica Energy plc has agreed to acquire TotalEnergies in a strategic acquisition within the Oil and Gas sector. The transaction, announced and completed on 26 March 2026, was settled entirely in cash. The headline offer value for the deal was reported as one British pound. This acquisition involves a target company based in the United Kingdom, marking a significant consolidation within the industry. The deal structure represents a direct purchase by the buyer, with no alternative consideration types involved in the final agreement.

The transaction has been formally completed as of the announcement date. Regulatory approval and other standard closing conditions were satisfied to finalise the transfer of ownership. Serica Energy plc now holds full control over the acquired assets of TotalEnergies. This completed deal concludes the negotiation phase and establishes the new corporate structure for the combined entity. The immediate status confirms that all necessary legal and financial steps have been executed successfully.