Italy's Eni Has Intensified Talks With Investors To Sell A Minority Stake In Renewable And Retail Unit; Could Sell 5% To 15% Of Plenitude Business In A Private Deal; Plenitude Could Be Valued At More Then €6B In A Possible Minority Stake Sale
Portfolio Pulse from Benzinga Newsdesk
Italy's Eni is in advanced talks with investors to sell a minority stake of 5% to 15% in its renewable and retail unit, Plenitude, in a private deal. Plenitude could be valued at over €6 billion in the potential sale.
June 14, 2023 | 3:39 pm
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Eni is in advanced talks to sell a minority stake in its renewable and retail unit, Plenitude, potentially valuing it at over €6 billion.
The potential sale of a minority stake in Plenitude could unlock value for Eni and its shareholders. The valuation of over €6 billion indicates a strong interest in the renewable and retail unit, which could positively impact Eni's stock price in the short term.
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