Eni to Sell 20% Stake in Plenitude to Ares for About €2 Billion
Eni SpA agreed to sell a 20% holding in its renewable arm Plenitude to Ares Alternative Credit Management for about €2 billion ($2.3 billion), a second stake sale in the unit.
The transaction is based on an equity value of Plenitude of €10 billion, corresponding to an enterprise value of more than €12 billion, the renewable business said in a statement on Monday.
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