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Energy: Eni plans to sell stakes in oil and gas projects

14/05/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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Dans le but d' aider à financer le development of high-potential oil and gas projects by concentrating more capital on low-carbon activities, the group é Italian energy company Eni could sell stakes.

La vente des participations du groupe Eni would extend the strategy of former CEO Claudio Descalzi, which consists of dividing certain Eni activities into separate entities, or satellites, in order to raise funds and appeal to investors such as companies eacute; s of private equity and infrastructure funds. According to Francesco Gattei, CFO, “the satellite model is an approach that we developed to have additional sources of financing in order to meet the demand for traditional products while developing new, greener products.” In recent years, Eni has created a retail and renewable energy production unit, Plenitude, in which it sold a stake to an infrastructure fund, and a biofuels division, Enilive, in which Descalzi recently said it was considering

selling a minority stake.
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