Eni (E) announced that it has signed an agreement to enter into a period of exclusivity with Ares Alternative Credit Management aimed at negotiating a definitive agreement and subsequently finalizing the sale of a stake in Plenitude equal to 20%, based on an equity value of the company between EUR 9.8B-EUR 10.2B, corresponding to an enterprise value of more than EUR 12B. The agreement follows a thorough selection process involving several prominent international players who expressed strong interest in the company, further confirming the great appeal of its business model and its growth prospects, Eni said in a statement.
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