Eni Sells 20% Stake in Plenitude to Ares for $2.3 Billion in Renewables Push
MILAN, Italy – Italian energy major Eni has sold a 20% stake in Plenitude, its integrated retail and renewables subsidiary, to Ares Management Corporation for approximately €2 billion ($2.3 billion), valuing Plenitude at over €12 billion including debt. The deal supports Eni’s strategy to accelerate its energy transition efforts by forming strategic partnerships and scaling […]
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