
Eni Sells 20% Stake in Plenitude to Ares for €2 Billion

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Eni S.p.A. has sold a 20% stake in Plenitude S.p.A. to Ares Management for €2 billion, valuing Plenitude at €10 billion in equity and over €12 billion in enterprise value. This sale is part of Eni's strategy to enhance its energy transition subsidiaries by attracting strategic partners and capital for growth.
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