Eni towards the transfer of 20% fullness: exclusive negotiation with the Ares fund

Eni deals exclusively with Ares alternative Credit Management for a possible transfer of 20% of the controlled fullness. The group led by Claudio Descalzi on the morning of May 15, before the opening of Borsa Italiana, announced the form of a temporary exclusive agreement with the global investment fund which is the main seat in Los Angeles and has just opened offices in Milan. This is the fund of the sale of a full -top participation fee equal to 20%, on the basis of a company equity of the company between 9.8 and 10.2 billion euros, corresponding to an Enterprise Value of over 12 billion euros.

The full mild value rises

Therefore, the six -legged dog chooses the possible new partner, after having examined also the private equity fund uses Apollo and Hitecvision, a Norwegian specialized operatorwhich is already a partner of fullitude in the joint-venture for the wind turbrrgerønn.
Eni already has a full -show partner, the subsidiary who has renewable sources in his belly and light and gas customers. These are the Swiss ENERGY INFRASTRCUCTURE Partners (EIP) Fund which with a capital increase of about 209 million through a 10% of the share capital of fullitude. On the date of the announcement of the operation, on 11 November 2024, an Enterprise Value of over 10 billion. The value of the company that emerges from the agreement with Ares is therefore higher.

The minority sales

The series of sale is part of the so -called Satellite strategy through which Eni intends grow the value of activities not related to hydrocarbons and collect resources useful for their development. In addition to fullitude, also Enilive – of which He sold 30% to the KKR fund – and in the future the imminent grassing company to the CCS (capture and storage of CO2), on which Sam has already expressed interest, which is a partner of the CCS project of Ravenna. The policy involves the sale of minority shares.