Eni's Renewable Arm Plenitude Attracts Investment Interest From Ares

Eni S.p.A (E) , an Italian multi-energy company, has announced that it is exploring the sale of a 20% stake in its renewable and retail business Plenitude. The company has engaged in exclusive discussions with Ares Alternative Credit Management, a leading global alternative investment manager. The deal is part of Eni’s “satellite” strategy, which focuses on creating specialized business units in the low-carbon energy space or upstream projects. These units are structured to attract investments from external ...