E - Eni discussing low-carbon unit stake sale with Switzerland's EIP - Reuters

2023-06-21 11:55:54 ET

Swiss asset manager Energy Infrastructure Partners is among investors currently in talks with Eni ( NYSE: E ) over the potential purchase of a minority stake in the Plenitude renewables and retail business, Reuters reported Wednesday.

Eni ( E ), which pulled Plenitude's IPO last year due to adverse market conditions, still aims to list the business, and the sale of a stake would give a value to it, making a future listing smoother, the report said.

Eni ( E ) is working on a disposal of 5%-15% of Plenitude and could complete a deal before Italy's summer break, which normally occurs in August, Reuters reported a week ago .

Separately, Bloomberg reported earlier this week that Eni ( E ) was near a deal to buy Neptune Energy for ~$5B; Reuters issued a similar report two weeks ago .

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• Analysis: Eni Q1: Diversification And Resiliency Continues, Reiterate Buy
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