Clean Energy Fuels’ stock soars 19% after France’s Total SA plan to take 25% stake

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Total becomes Clean Energy Fuels’s largest holder

French oil-and-gas company Total SA FP.FR will buy a 25% stake in U.S.-based Clean Energy Fuels Corp. CLNE and become its largest shareholder, the companies said Thursday. Under the deal, Total has agreed to purchase up to 50.8 million shares of Clean Energy’s common stock for $83.4 million, receiving a 25% stake in the U.S.

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