Eni sells 49% of its business Enipower

The deal is part of the company’s strategy to free up resources for the energy transition

Big Zero Report 2022

Oil and gas company Eni has announced it has agreed to sell a 49% stake in its power generation business unit Enipower.

Enipower is the second-largest producer of electricity in Italy, with six gas plants and a total power capacity of nearly 5GW.

The Italian energy giant did not disclose the financial details of this agreement with the global investment firm which manages $60 billion (£46bn) in assets.

Francesco Gattei, Eni’s Chief Financial Officer, said: “The deal is part of Eni’s strategy to enhance our assets and free up new resources for the energy transition.”

Eni added that it will still control Enipower’s operations.

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