Plenitude
Italian energy firm Eni could make a fresh attempt to list its multi-billion dollar renewables division Plenitude in 2023. The company had been looking to spin off Plenitude in 2022 but decided to postpone it and wait until market conditions were better to attempt a fresh IPO. The company said in June 2022 that it would continue to monitor the uncertainties affecting the markets. Eni expects the listing to attract new capital, maximize the value of Plenitude and the stake owned by Eni, and unlock new resources to be allocated for the energy transition path. Plenitude, formed in 2017 from the combination of Eni’s retail gas and power activities, supplies natural gas and energy to around 10 million customers and has a portfolio of around 1.4 gigawatts GW) of installed renewable energy capacity in operation.
This story is from the Jan 2023 edition of Forbes Middle East - English.
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This story is from the Jan 2023 edition of Forbes Middle East - English.
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