#Latest news with #alternativecreditWall Street Journal15-05-2025BusinessWall Street JournalEni in Talks to Sell Plenitude Stake to Ares for Up to $2.3 BillionEni ENI -0.21%decrease; red down pointing triangle said it is in exclusive talks to sell a 20% stake in its Plenitude low-carbon unit to Ares Management's alternative-credit arm for up to 2.04 billion euros ($2.28 billion). The Italian energy major said Thursday that it agreed to enter into an exclusivity period with investment fund Ares Alternative Credit Management to discuss a definitive deal for the sale of a 20% stake in Plenitude.
Wall Street Journal15-05-2025BusinessWall Street JournalEni in Talks to Sell Plenitude Stake to Ares for Up to $2.3 BillionEni ENI -0.21%decrease; red down pointing triangle said it is in exclusive talks to sell a 20% stake in its Plenitude low-carbon unit to Ares Management's alternative-credit arm for up to 2.04 billion euros ($2.28 billion). The Italian energy major said Thursday that it agreed to enter into an exclusivity period with investment fund Ares Alternative Credit Management to discuss a definitive deal for the sale of a 20% stake in Plenitude.