US EditionItalian Energy Major Eni Sells 20% Stake in Renewable Arm Plenitude to Ares for $2.3 Billion: Details Here
- In June 2025, Italian energy company Eni sold a 20% stake in Plenitude, its low-carbon energy unit, to Ares Management Corporation for $2.3 billion.
- The sale follows exclusive negotiations starting in May 2025 and continues Eni's 'satellite model' of creating independent entities for capital market access.
- Plenitude, established in 2021, serves over 10 million customers across 15 countries with more than 4 GW of renewables and operates 21,500 EV charging points.
- Plenitude’s enterprise value stands over $13.7 billion, with the transaction representing an equity valuation around $11.4 billion, and completion awaits regulatory approvals.
- This transaction supports Plenitude’s growth strategy combining economic and environmental sustainability, while reinforcing Ares’ position as a flexible capital partner in energy transition.
22 Articles
22 Articles
Ares Management acquires a minority share of Plenitude for 2 billion euros
Italian energy major Eni sells 20% stake in renewable arm Plenitude to Ares for $2.3 billion: Details here
Eni has sold a 20 per cent stake in its renewable business Plenitude to Ares for approximately $2.3 billion. This marks Eni's second sale of Plenitude shares, an enterprise valued at over $13.7 billion.
Eni Sells 20% in Its $14-Billion Low Carbon Business Plenitude
Eni has signed a deal to sell 20% in its low-carbon energy business Plenitude to Ares Management Corporation in a deal valuing the unit at an enterprise value of $13.8 billion (12 billion euros). Under the agreement, global alternative investment manager Ares Management will buy 20% in Plenitude for $2.3 billion (2 billion euros), Eni said on Monday. The completion of the transaction is subject to customary regulatory approvals. At the end of 20…
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