ENI CEO Said We Are In Talks With Strategic Partner To Sell A Stake In Low-carbon Unit Plenitude, IPO Will Follow
Portfolio Pulse from Charles Gross
ENI's CEO announced that the company is in discussions with a strategic partner to sell a stake in its low-carbon unit, Plenitude. Following this, an IPO is expected.
September 27, 2023 | 9:04 am
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POSITIVE IMPACT
ENI is planning to sell a stake in its low-carbon unit, Plenitude, which could potentially increase the company's liquidity and focus on its core business.
The sale of a stake in Plenitude could bring in significant capital for ENI, potentially improving its financial position. This could make the company more attractive to investors, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100