Eni Weighs IPO of New Business Unit
April 30 2021 - 2:44AM
Dow Jones News
By Mauro Orru
Eni SpA said Friday that it was considering a stock exchange
listing as well as the sale or exchange of a minority stake in a
new business unit combining its retail and renewable energy
activities.
The Italian oil-and-gas major said the purpose of the new entity
will be the development of renewable generation capacity of more
than 5 gigawatts by 2025
"This capacity will be offered to the company's growing customer
base, which is expected to include over 11 million customers by
that time, with an overall Ebitda expected to grow from 600 million
euros ($727.3 million) in 2021 to over 1 billion euros in 2025,"
Eni said.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
April 30, 2021 02:29 ET (06:29 GMT)
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