Eni’s Plenitude deconsolidates after EUR 1.56 billion capital increase reshapes ownership

By Public Technologies
  • Eni completed an equity and governance reshuffle at Plenitude via a non-pro rata EUR 1.56 billion capital increase.
  • Ares subscribed EUR 1.08 billion. Eni subscribed EUR 480 million. Plenitude pre-money equity value set at EUR 10.75 billion.
  • Post-transaction ownership: Eni 65.03%, Ares 26.24%, EIP 8.73%.
  • Eni, Ares gained joint control. Plenitude will be deconsolidated from Eni’s consolidated financial statements.
  • Board reset to nine directors. Eni appoints five. Ares appoints three. EIP appoints one.


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