Eni towards the sale of 10% of Enilive and 30% of Novamont
Eni accelerates the sale of minority stakes in its subsidiaries. As reported Milan Financethe Italian energy giant would be ready to cede a slice of up to 10%. Enilivededicated to sustainable mobilityand up to 30% of Novamontactive in the sector of bioplastics.
For the share of Enilivethe group led by the CEO Claudio Descalzi estimated a value of 1.3 billion euros. Following the deal, the group would then proceed with the listing on the stock exchange (thus following the same process as Plenitude).
On NovamontInstead, the group thinks of an enterprise value of 1 billion euros. And those interested would have already taken a step forward. The American fund would have already joined the negotiating table with the Six-legged Dog Blackstone and the Norwegian one HitechVision (already a partner of Eni with Vår Energi And Vårgrønn).
On several occasions, the CEO of Eni has discussed plans to divest shares and/or go public Enilive, in line with the company's satellite model. Through spin-offs, Eni aims to maximize the value of all its activities. The valorization of an asset in two phases – the entry of an investor to establish a price and a potential listing – is also what Eni is pursuing for Plenitude.
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