Eni has announced the 20% transfer of the subsidiary full to the Ares Management fund for a value of about 2 billion euros. The agreement assigns a 10 billion euro equity value to the company and an Enterprise Value of over 12 billion. After the news, the Eni actions went up.
The new partner, the American fund Ares, joins Energy Infrastructure Partners, already owner of 10% fullness. The operation aims to strengthen the positioning of the company in the energy transition and electrical mobility. The sale, which still requires the approval of the competent authorities, consolidates the enhancement strategy of Green assets by the Eni group.
The numbers of the plenitude operation
The agreement between Eni and Ares provides for the acquisition of 20% fullness by the alternative credit funds of the US group for about 2 billion euros. The total evaluation of fullitude then rises to over 12 billion euros, if you consider the entire Enterprise Value.
Pletnitude is active in over 15 countries and integrates production from renewable sources, sale of energy and charging infrastructures for electric cars. Currently has beyond 4 GW of renewable capacity installed21,500 charging columns and a customer base of more than 10 million. The stated goal is to achieve 10 GW of renewables by 2028.
The strategy for the energy transition
The entrance of Ares It strengthens the growth path of fullitude and contributes to Eni’s strategy to enhance its active subsidiaries in the energy transition. As pointed out by the AM of Plenitude Stefano Gobertithe agreement represents a recognition to the “sustainable integrated model” of the company.
Ares also, among the main global alternative investment funds (546 billion dollars in management on March 31, 2025), defined all the “leader in the energy transition” with an extraordinary growth and profitability track.
Effects on the Stock Exchange
The reaction of the markets to the news of the agreement between Eni and Ares has been moderately positive. After about an hour from the opening Eni recorded a +0.29% and stands at 14.348 euros per share.
However, the general context remains prudent, but the agreement signed by Eni seems to have reassured the investors with respect to the strategic path undertaken with fullitude and the solidity of the esteemed enhancement of the subsidiary.
