Italian energy group Eni Spa sold 20 % possession in its renewable trading company ARES, US alternative firm for loan management
The agreement is set at approximately $ 2.3 billion, which means the second sales of the unit in the unit, Bloomberg said.
Polenitum worth $ 13 billion
The transaction is based on the value of the stock shares of the company, which is around $ 11.4 billion. The value of the company was more than $ 13.7 billion, the renewable business said.
Eni said that in May it was in exclusive interviews with the Sales Company, the press agency said.
“The valuation of fullness has positive consequences for stocks because it allows you to unlock another value in one of the satellites,” said Bloomberg, quoted by Massimo Bonisoli, analyst in the Equita Group.
The company completed 10 percent of functional partners for energy infrastructure at the beginning of this year.
Milan’s stock index falls after sale
The shares remained stable from 10:33 in the morning of local time, while the stock index index in Milan fell by 0.6 %. The shares initially gained up to 0.9 %.
Energy Major said he was also planning to sell shares in its biofuel and ENILIVE mobility, where KKR & CO bought 25 %at the beginning of this year. It is in exclusive interviews about the share in its unit for capturing and storage of carbon, the press agency said.
Plans to plunder ipo held up
The Milan plenary was established to maintain Eni’s retail and renewable businesses. Initial plans for public extract from fullness were suspended.
Ares, an alternative asset manager oversees nearly $ 550 billion, has recently opened an office in Milan, an Italian financial center to expand its business on this market.
(Tagstotranslate) ENI SPA
