Eni Sells 20% Stake in Plenitude to Ares in 2 Billion Euro Deal

Key Takeaways E is selling a 20% stake in Plenitude to Ares for 2 billion euros. The deal supports the satellite model of Eni to grow low-carbon businesses with long-term partners. Plenitude plans to grow renewable capacity to 10 GW and expand beyond 11M customers by 2028.Italian energy major Eni S.p.A. (E) has signed a landmark agreement to sell a 20% stake in its multi-energy unit Plenitude to Ares Management Alternative Credit funds for approximately €2 billion. According to the company, the deal value ...