Eni names renewables spinoff ahead of IPO

The Italian oil giant prepares the public listing of its business within renewable power, EV charging stands, retail and energy services.


Eni's new public spin-off will be called Plentitude, the oil outfit informs in connection with its capital markets day this week.

Plentitude will consist of Eni's integrated renewable energy business, retail operations, E-mobility and energy services. The spin-off will be backed by an investment program worth roughly EUR 1.8bn, according to a statement.

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