BlackRock and Eni's $1.2 Billion Deal to Push Carbon Capture
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1 Articles
BlackRock and Eni's $1.2 Billion Deal to Push Carbon Capture
BlackRock, the world’s largest asset manager, recently made headlines by using its Global Infrastructure Partners (GIP) division to strike a deal with Italy’s energy giant Eni. Through this transaction, GIP agreed to acquire a 49.99% stake in Eni’s carbon capture, utilization, and storage (CCUS) business. The unit—called Eni CCUS Holding—is valued at around €1 billion, or roughly $1.2 billion. The deal reflects growing global interest in climate…
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