Italy's Eni In Talks With Several Funds Over Potential Sale Of Another Minority Stake In Low-Carbon Unit Plenitude; Talks Between Eni And Investors On Plenitude Based On Valuation Of More Than €10 Billion For The Business, Sources Say
Portfolio Pulse from Benzinga Newsdesk
Italy's Eni is in discussions with several funds to potentially sell another minority stake in its low-carbon unit, Plenitude. The talks are based on a valuation of over €10 billion for Plenitude.
September 13, 2024 | 4:41 pm
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Eni is negotiating the sale of a minority stake in its low-carbon unit, Plenitude, with a valuation exceeding €10 billion. This move could enhance Eni's financial flexibility and focus on sustainable energy.
The potential sale of a minority stake in Plenitude could provide Eni with additional capital, enhancing its financial position. The valuation of over €10 billion indicates strong market interest and confidence in Eni's low-carbon initiatives, likely leading to a positive short-term impact on Eni's stock price.
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