Discussion ongoing: Eni considering transfer of Plenitude equity worth approximately $2.3 billion to Ares Management
Here's the Rewritten Article:
Hey there! Listen up, folks! Eni, that's symbol E on the good ol' NYSE, has some juicy news for ya today. They've stepped into some seriously exclusive chats with Ares Management's alternative credit unit, darlin'. The plan? selling a whopping 20% stake of their Plenitude renewable and retail biz – and for a pretty penny too! They're looking at a possible €2.04B (that's around $2.28B, folks) deal here.
Interested in more deets? Here's where it gets juicy. This valuation is based on a total business valuation of somewhere between 9.8 and 10.2 billion euros[1][4]. Hold on, though, there's a rumor going around, too[1]. They're saying Eni might be looking to offload this stake for over $13 billion in a different context. Now, don't get your hopes too high, that's just a different ballgame.
But wait, it seems Ares is particularly interested in this €2.04B ($2.28B) potential deal, as these talks are exclusive[4]. Hmm, wonder if Eni and Ares have got some serious business to discuss!
[1] Reuters. (2021, October 25). Eni in talks to sell its renewables and retail arm for over $13 bln - sources. Retrieved from https://www.reuters.com/business/energy/eni-talks-sell-its-renewables-and-retail-arm-over-13-bln-sources-2021-10-25/[4] Reuters. (2022, April 28). Eni in exclusive talks with Ares to sell Plenitude stake for up to $2.3 billion. Retrieved from https://www.reuters.com/business/energy/eni-in-exclusive-talks-with-ares-to-sell-plenitude-stake-for-up-to-2-3-billion-2022-04-28/
- The potential investment of €2.04B ($2.28B) into Eni's Plenitude renewable and retail business could be a significant financial venture for Ares Management.
- Eni's decision to sell a 20% stake of Plenitude for €2.04B ($2.28B) may indicate a strategic move in finance to bolster their capital for future projects.
