Eni seeks IPO for renewables business

The Italian energy group pursues a stock listing of its power sales and renewable energy business to finance renewables development.

Photo: Stefano Rellandini/Reuters/Ritzau Scanpix

Italian energy group Eni has a goal of developing more than 6GW in renewable energy by 2025 and over 15GW by 2030.

In this connection, the company's board of directors has approved an initial public offering of its new power sales and renewable energy business, Eni Retail & Renewables, the company writes in a press release.

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