Ares in talks with Eni over stake in €12bn renewables and EV charging business

Eni In Talks to Sell 20% of Its $13-Billion Low Carbon Unit Plenitude

Eni has launched exclusive talks with investment fund Ares Alternative Credit Management to potentially sell 20% in its low-carbon energy business Plenitude, which has an enterprise value of over $13.4 billion (12 billion euros), the Italian energy giant said on Thursday.   “The agreement follows a thorough selection process involving several prominent international players who expressed strong interest in the company, further confirming the gre…

Ares in talks with Eni over stake in €12bn renewables and EV charging business

Deal follows sale to KKR of stake in Italian energy major’s biofuels business

Eni to Launch €1.5 Billion Share Buyback Program, Aimed at Additional Shareholder Remuneration

Eni to Launch €1.5 Billion Share Buyback Program, Aimed at Additional Shareholder Remuneration (IN BRIEF) Eni has been authorized to launch a new share buyback program, set to run until April 2026. The program will buy back up to 315 million shares, with a maximum value of €1.5 billion, potentially increasing to €3.5 billion depending on Cash Flow From Operations. The buyback aims to provide additional remuneration to shareholders, with the repu…

Ares in exclusive talks to acquire 20% stake in Eni’s Plenitude at $13bn valuation

Private equity firm Ares Alternative Credit Management has entered exclusive negotiations with Italian energy major Eni to acquire a 20% minority stake in its renewable energy and retail unit Plenitude, in a transaction that would value the business at approximately $13bn, including debt. The deal, which was announced in a statement on Thursday, underscores the increasing appetite among private capital providers for exposure to energy transition…

Eni to divest 20% stake in Plenitude to Ares for $13bn

Italian energy giant, Eni has entered an exclusivity agreement with Ares Alternative Credit Management for the potential sale of a 20% stake in its energy subsidiary, Plenitude.

The U.S. Ares Management is negotiating a 20% stake in the Italian Group's renewable subsidiary. The company value of its target exceeds EUR 12 billion.