ENI Aims To Sell Minority Stakes In Low-Carbon Units By Year-End, Potentially Raising €1.3B; ENI Is Sounding Out Investors' Appetite For A Stake Of Up To 10% In Biofuel Unit; ENI In Preliminary Talks With Two Suitors Over Sale Of Up To 30% Of Its Bio-Plastic Business, Sources Say
Portfolio Pulse from Benzinga Newsdesk
ENI is planning to sell minority stakes in its low-carbon units by the end of the year, potentially raising €1.3 billion. The company is exploring the sale of up to 10% in its biofuel unit and is in preliminary talks with two suitors for the sale of up to 30% of its bio-plastic business.
April 15, 2024 | 3:07 pm
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ENI is targeting the sale of minority stakes in its low-carbon units, aiming to raise €1.3 billion. This includes up to 10% of its biofuel unit and up to 30% of its bio-plastic business.
Selling stakes in low-carbon units could attract positive attention from investors interested in sustainable and green energy, potentially raising ENI's stock value in the short term due to the influx of capital and the strategic focus on low-carbon businesses.
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