Ares in talks with Eni over stake in €12bn renewables and EV charging business

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Financial Times 22h ago

Ares in talks with Eni over stake in €12bn renewables and EV charging business - Financial Times

Quick Summary:

Eni also sold 30 per cent of its biofuels and fuel retailing business Enilive to KKR at a post-money equity valuation of €11.75bn.

It made earnings before interest, tax, depreciation and amortisation of €1.1bn in 2024, a 3 per cent year-on-year increase, because of its millions of gas and power retail customers.

Plenitude plans to spend €1.2bn a year over the next five years to build new solar, wind and battery storage plants, as well as its electric vehicle charging network.