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Eni to sell Plenitude stake before IPO

Richard Heap
September 28, 2023

Italian oil giant Eni is in talks to sell a stake in its low-carbon subsidiary Plenitude ahead of a potential initial public offering (IPO) next year.

Claudio Descalzi, chief executive at Eni, said yesterday that the sale of a stake in Plenitude would help to set a value for the company before an IPO, which could happen in 2024. Last month, it was reported that Energy Infrastructure Partners was working on a potential bid for a minority stake in Plenitude.

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