Global Infrastructure SherpaERG sells entire stake in Plenitude to Eni
Eni agreed to buy ERG's entire stake in Plenitude for €217 million. The deal will give Eni full control of Plenitude.
Source Intelligence
Plenitude manages 21,500 EV charging points and serves more than 10 million customers. "The company operates in more than 15 countries, integrating over 4 GW of renewable energy generation with retail power and gas services."
"Eni has sold a 20% stake in its retail and renewables arm, Plenitude, to U.S. alternative investment firm Ares Management Corp."
"Eni has sold a 20% stake in its retail and renewables arm, Plenitude, to U.S. alternative investment firm Ares Management Corp."
"Eni has sold a 20% stake in its retail and renewables arm, Plenitude, to U.S. alternative investment firm Ares Management Corp."
"It follows a previous 10% sale to Swiss investment fund Energy Infrastructure Partners."
"Advisors on the transaction included Deutsche Bank and UniCredit for Ares, and Goldman Sachs and Mediobanca for Eni."
"Advisors on the transaction included Deutsche Bank and UniCredit for Ares, and Goldman Sachs and Mediobanca for Eni."
"Advisors on the transaction included Deutsche Bank and UniCredit for Ares, and Goldman Sachs and Mediobanca for Eni."
"Advisors on the transaction included Deutsche Bank and UniCredit for Ares, and Goldman Sachs and Mediobanca for Eni."