Eni close to give up just under 10% di Fullness to Swiss Eip for about 750 million euro. The energy group led by Claudio Descalzi, according to Il Sole24Ore reports, has reached an agreement to sell a share of just under 10% of its subsidiary in the renewable energy sector to the Swiss group Energy Infrastructure Partners (Eip). The agreement, which should be made official today, values Plenitude at around 8 billion euros, preparing it for the wait listing on the stock exchange in 2024.
Eni Plenitude: the sale of the stake in view of the IPO
Le negotiations, launched at the beginning of the year, have the aim of consolidating the value of Plenitude, facilitating the listing process on the stock exchange and providing additional liquidity for future investments.
Eni confirmed advanced negotiations with a strategic investor during the OMC Med Energy Conference in Ravenna in October. Claudio Descalzi on that occasion he underlined that the sale of a minority share will not affect the strategic nature of Plenitude in reaching customers with sustainable and decarbonised products.
The agreement with EIP marks a further step in Eni's strategy to consolidate its role in the renewable energy sector, preparing Plenitude for sustainable growth in the evolving energy market.
