General – Sale
Eni has signed an agreement with Global Infrastructure Partners (GIP), an infrastructure investor owned by BlackRock, to enter into a period of exclusivity for the negotiation of the potential sale of an interest in Eni’s carbon capture, utilisation and storage (CCUS) business.
According to the terms of the agreement, GIP will initially acquire a 49.99% stake in Eni CCUS Holding and will also support investments in CCUS projects.
This follows a thorough selection process involving several prominent international players who expressed strong interest in Eni, further confirming the appeal and growth prospects of its business.
This step is another example of Eni’s satellite model strategy in action, which aims to attract strategically aligned capital from valuable new partners on attractive terms.
This confirms the value that Eni is creating in its new energy transition-related businesses and will fund their further growth.
