Eni: Intesa with Ares to offer 20% fullness. Deal of two billion euros | EUROtoday

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Eni closes the circle across the sale of a 20% package deal of the group advantages, full, signing an settlement with Ares Management (Ares) various Credit funds, associates of the primary world funding supervisor Ares Management Corporation for a purchase order worth of round 2 billion euros. The operation relies on an fairness values ​​of full there of 10 billion euros, similar to an Enterprise Value of over 12 billion euros.

An additional step of the satellite tv for pc mannequin

The negotiation that, as will likely be remembered, had opened in mid -May with the beginning of an unique settlement with the Big American based in 1997 and which boasts, as a complete, 546 billion {dollars} of property in administration (of which roughly 43 billion {dollars} with the “arm” Ares various Credit), represents an extra taxation of the satellite tv for pc mannequin of Eni, the technique with which the group guided by Claudio Descalzi goals to reinforce the actions related to the enterprise transition enterprise by means of the creation of firms able to strolling along with his personal legs and is joined by the sale of 10% of the capital of the Swiss Fund EIP (Energy Infrastructure Partners).

Gattei (Eni): confirmed the good attractiveness of the plenitude enterprise mannequin

“The agreement announced today confirms the great attractiveness of the full -mild business model, one of our satellite companies set up a few years ago to better enhance part of our high potential assets, create more and more value and contribute to our net zerration objectives of the Scope 3 emissions – commented Francesco Gattei, Chief Transition & Financial Officer of Eni -. Today we welcome a new leading international partner who will accompany full future growth. “

Goberti (fullitude): acknowledged the standard of our strategy

As for full there, the operation permits to additional consolidate the market worth of the corporate that integrates manufacturing of power from renewable sources, sale of power and power providers to households and companies, and charging options for electrical mobility. “I am pleased to welcome full mood to the new shareholder Ares, one of the main investment funds in the world – said Stefano Goberti, number one in fullitude -. Today the quality of our approach is recognized again, which combines economic and environmental sustainability in an integrated and projected business model to the future of the world of energy. Ares, with its entry into society, highlights the progression of the fullitude value and becomes part of our growth path which, day after day, we make with tenacity and conviction ».

This (Ares): extraordinary growth track of growth and profitability

The leaders of the US fund that made the diversification of investments is also satisfied one of its strengths. “Plenitude is a number one firm as a part of the power transition, with a particular enterprise mannequin and a unprecedented progress and profitability monitor – burdened Stefano this, associate and co -head of European various credit score of Ares -. We are happy to be along side Pletnitude in reaching its necessary targets of sustainability and monetary, collaborating with its administration and Eni on this new and thrilling path ».