--Eni SpA will seek a valuation of up to 15 billion euros ($17.44 billion) for the listing of its retail-and-renewables unit, Bloomberg reports, citing people familiar with the matter.

--The Italian oil-and-gas major said earlier this year that it would list the merged business in 2022 in order to maximize the value of its low-carbon operations.

--Eni plans to retain a majority stake in the unit following the initial public offering.

 

Full story: https://bloom.bg/3EeAVZN

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

October 26, 2021 10:19 ET (14:19 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
ENI (NYSE:E)
Historical Stock Chart
From Nov 2021 to Dec 2021 Click Here for more ENI Charts.
ENI (NYSE:E)
Historical Stock Chart
From Dec 2020 to Dec 2021 Click Here for more ENI Charts.