Italian oil and gas major Eni plans to seek a valuation of up to $17.4 billion for its renewables and retail business in the initial public offering of the unit next year, sources with knowledge of the matter told Bloomberg on Tuesday. Earlier this month, Eni said that it had decided that an IPO in 2022 was the best plan forward to maximize the value of its newly merged Gas & Power retail and renewables business and launched the process for the listing.
The Italian oil major will keep a majority stake in the listed company, it said in early…Oil Major Eni To Seek $17B Valuation Of Renewables Unit In IPO
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