Eni Poised to Witness 3 Billion Euros in Asset Sales by 2025

Group 1: Asset Divestment Strategy - Eni SpA is accelerating its asset divestment strategy, with UBS analysts predicting an additional €3 billion in sales by the end of 2025, bringing total asset sales to €8 billion, fulfilling its strategic goal two years ahead of schedule [1] - The divestment strategy aims to rebalance Eni's portfolio, with nearly half of the proceeds expected from selling stakes in its units and the other half from upstream activities like energy exploration and production [2] - Remaining assets for potential sale include stakes in Ivory Coast operations, upstream interests, and its biofuel and bioplastic unit, Novamont, along with discussions to sell a stake in its planned carbon capture and storage division [2][4] Group 2: Leadership and Strategic Direction - CEO Claudio Descalzi is guiding Eni through a transformative phase, emphasizing energy transition initiatives, including a "satellite model" that involves spinning off divisions and inviting external investments [3] - Eni plans to unveil its updated 2025-28 strategic roadmap on February 27, which will highlight the next phase of its energy transition and growth agenda, focusing on reducing hydrocarbon reliance while advancing renewable energy projects [5] Group 3: Sustainability Initiatives - The carbon capture and storage (CCS) division is one of Eni's flagship initiatives aimed at reducing carbon emissions and aligning with global climate goals [4]