Italy's Eni enters exclusive talks with Ares fund for Plenitude stake
MILAN, May 15 (Reuters) - Italy's Eni (ENI.MI), opens new tab has entered exclusive talks with investment fund Ares Alternative Credit Management over the sale of a 20% stake in its renewable and retail arm Plenitude, the energy group said on Thursday.
Negotiations are based on an equity value of Plenitude between 9.8 and 10.2 billion euros, corresponding to an enterprise value of more than 12 billion euros ($13.4 billion).
($1 = 0.8939 euros)
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