Eni Sells 20% in Its $14-Billion Low Carbon Business Plenitude ...Middle East

Eni has signed a deal to sell 20% in its low-carbon energy business Plenitude to Ares Management Corporation in a deal valuing the unit at an enterprise value of $13.8 billion (12 billion euros). Under the agreement, global alternative investment manager Ares Management will buy 20% in Plenitude for $2.3 billion (2 billion euros), Eni said on Monday. The completion of the transaction is subject to customary regulatory approvals. At the end of 2023, Eni agreed to sell 9% in Plenitude to Energy Infrastructure Partners (EIP). Plenitude is…

Read More Details
Finally We wish PressBee provided you with enough information of ( Eni Sells 20% in Its $14-Billion Low Carbon Business Plenitude )

Also on site :

• XRP, ETH, SOL, and HYPE are in focus as Bitcoin dips below $100K
• Why global markets are brushing off U.S. strikes on Iran
• Wego Partners with Moroccan National Tourist Office to Unlock Summer Adventures in Morocco for MENA Travelers