MILAN (ITALPRESS) – Following the approval of the operation by the competent authorities, Eni has announced the completion of the sale of a participation equal to 20% of the share capital of Plenitude Società Benefit to the funds Ares Alternative Credit, affiliated to Ares Management Corporation. With this transaction, based on a Plenitude equity value of 10 billion and an enterprise value of more than 12 billion, Eni cashed 2 billion. The operation – read in a note – is an integral part of the Eni strategy aimed at enhancing its satellite companies active in energy transition business, through the entry of strategic partners and aligned capitals that support their development plans.
Stefano Goberti, CEO of Plenitude, commented: “Today Ares officially joined Plenitude’s shareholder, alongside Eni and Energy Infrastructure Partners. The entry of a new investor is a further confirmation of the attractiveness of our model badge and at the same time highlights the value created over time. We are sure that together, we will continue with determination in the path of shared growth”. Stefano This, partner and Co-Head of European Alternative Credit, said: “We are pleased to have completed our investment in Plenitude and continue the collaboration with Stefano and the rest of the Plenitude and Eni team in view of the next stage of growth.”.
– photos of repertoire IPA Agency –
(ITALPRESS).
