Eni's Renewable Business Receives New Investment From EIP

Eni S.p.A (E) , a global integrated energy company, is set to receive a new chunk of investment for its renewable energy business, Plenitude. The Swiss asset management firm Energy Infrastructure Partners (“EIP”) will increase its stake in Plenitude from 7.6% to 10%. The deal values Eni’s renewable energy and retail business unit, Plenitude,at more than 10 billion euros, including debt.Eni has stated that EIP will purchase new shares issued by the company for approximately 209 million euros. E has adopted a ...