17-07-2025
Eni Deal With BlackRock's GIP Said to Value Carbon Unit at €1 Billion
Eni SpA 's deal to sell half of its carbon capture and storage unit to BlackRock Inc. 's Global Infrastructure Partners will likely value the business at around €1 billion ($1.2 billion), according to people familiar with the matter.
The Italian energy giant and GIP, which agreed in May to hold exclusive talks for a 49.99% stake in Eni's CCUS Holding, aim to close the deal by the end of summer, the people said, asking not to be named because they're not authorized to comment publicly. The negotiations are ongoing, the valuation could still change and a final decision hasn't been made, they said.
