ENI SpA : Plenitude IPO to ensure its growth and extract more value
>IPO to step up growth in renewables - Eni held a CMD to present its retail & renewable business, rebranded Plentitude, ahead of its IPO in 2022. In addition to renewables and e-mobility, this business will include the retail portion of its electricity and gas operations that generate cash which should help drive top line growth. The transaction is expected to see Eni crystallise the value of this business which is valued at over € 10.5bn by our estimates and acceler...Eni is engaged in the oil and gas exploration and production, gas marketing operations, management of gas infrastructures, power generation, petrochemicals, oil field services and engineering industries. Co.'s operations are divided into three segments; Exploration and Production (oil and natural gas exploration and field development and production, as well as LNG operations), Gas and Power (supply, trading and marketing of gas and electricity, managing gas infrastructures for transport, distribution, storage, re-gasification, and LNG supply and marketing), and Refining and Marketing (supply of crude oil, refining and marketing of refined products). Co. maintains operations in 73 countries.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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