Eni Sells 20% in Its $14-Billion Low Carbon Business Plenitude ...Middle East

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Eni Sells 20% in Its $14-Billion Low Carbon Business Plenitude
source : OILPRICE ( Middle East ) () 179
Eni has signed a deal to sell 20% in its low-carbon energy business Plenitude to Ares Management Corporation in a deal valuing the unit at an enterprise value of $13.8 billion (12 billion euros). Under the agreement, global alternative investment manager Ares Management will buy 20% in Plenitude for $2.3 billion (2 billion euros), Eni said on Monday. The completion of the transaction is subject to customary regulatory approvals. At the end of 2023, Eni agreed to sell 9% in Plenitude to Energy Infrastructure Partners (EIP). Plenitude is…

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