Eni to Seek Valuation of Up to $17.4 Billion for Retail, Renewables Unit IPO -Bloomberg
26 Oktober 2021 - 4:34PM
Dow Jones News
--Eni SpA will seek a valuation of up to 15 billion euros
($17.44 billion) for the listing of its retail-and-renewables unit,
Bloomberg reports, citing people familiar with the matter.
--The Italian oil-and-gas major said earlier this year that it
would list the merged business in 2022 in order to maximize the
value of its low-carbon operations.
--Eni plans to retain a majority stake in the unit following the
initial public offering.
Full story: https://bloom.bg/3EeAVZN
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
October 26, 2021 10:19 ET (14:19 GMT)
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