Market Chatter: Eni Gathering Bids for Stake Sale in Plenitude, Discussing Valuation of Up to $14.13 Billion

MT Newswires Live

04-03

Eni (E) is gathering bids for a stake in its Plenitude unit and is discussing a potential valuation of up to 13 billion euros ($14.13 billion) for this round of stake sale, Bloomberg News reported Wednesday, citing unnamed sources familiar with the matter.

Sources told Bloomberg that Eni has received initial expressions of interest for a 15% stake in Plenitude, valuing the unit between 12 billion euros and 13 billion euros.

Eni did not immediately respond to an MT Newswires request to comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 31.09, Change: -0.12, Percent Change: -0.38

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