BlackRock’s GIP to Take Stake in Eni’s Carbon Capture Business

BlackRock’s GIP to take stake in Eni’s carbon capture business

MILAN (Reuters) -U.S. asset manager BlackRock’s infrastructure fund GIP has agreed to buy a 49.99% stake in Eni’s carbon capture and storage business (CCUS), the Italian company said on Monday without disclosing the price. The proposed deal is part of Eni’s broader strategy to sell minority stakes in satellite operations to fund their growth. Eni CCUS Holding includes the HyNet and Bacton projects in Britain and L10 in the Netherlands. It also h…

GIP to Acquire Stake in Eni CCUS Business

Eni and BlackRock's GIP signed an agreement for the New York City-based infrastructure investor's purchase of a co-controlling stake of 49.99 percent in th...

BlackRock’s GIP Invests in Eni’s Carbon Capture for Energy Transition

BlackRock’s infrastructure investment arm, Global Infrastructure Partners (GIP), has made a strategic move into the carbon capture sector, acquiring a near half stake in Eni’s CCUS business. This deal signals a significant shift in the energy landscape, as traditional oil majors and investment giants alike pivot towards decarbonization technologies. Eni’s “satellite model” is an intriguing… Source

BlackRock Acquires Stake in Eni’s Carbon Capture Platform

Investment giant BlackRock’s infrastructure investment unit Global Infrastructure Partners (GIP) announced that it has acquired a 49.99% co-control stake in Italian energy company Eni’s Eni’s Carbon Capture, Utilization and Storage (CCUS) business, Eni CCUS Holding. The agreement follows an announcement by Eni in May that it had entered exclusive negotiations with GIP for the transaction following a selection process involving several prominent …

BlackRock's GIP to Take Stake in Eni's Carbon Capture Business - Energy News, Top Headlines, Commentaries, Features & Events

By Francesca Landini MILAN, Aug 18 (Reuters) – U.S. asset manager BlackRock’s (BLK.N) infrastructure fund GIP has agreed to buy a 49.99% stake in Eni’s (ENI.MI) carbon capture and storage business (CCUS), the Italian company said on Monday without disclosing the value of the deal. The proposed deal is part of Eni’s broader strategy to ...

BlackRock’s GIP to Buy Stake in Eni CCUS Business

The partnership between Global Infrastructure Partners and Eni is expected to help accelerate development of CCUS projects. As part of the agreement, the two entities will share control of Eni CCUS Holding.