| Eni working with Goldman Sachs on gas and power spinoff - sources | |
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MILAN, Feb 5 (Reuters) - Italian oil and gas group Eni is working with Goldman Sachs on the possible spinoff of its power and gas unit, two sources with knowledge of the matter said on Thursday. "The group is reviewing the division and Goldman Sachs is working with them," one of the sources said. The perimeter of the carve-out is still being discussed, a second source said. "An IPO (initial public offering) is the only way to do it, but it's unlikely to happen this year," the source said. Eni declined to comment, while Goldman Sachs could not immediately be reached. (Reporting by Pamela Barbaglia, Stephen Jewkes and Giancarlo Navach; editing by Agnieszka Flak)
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ENI is based in Italy. ENI is listed in Italy. Its market capitalisation is €UR 55.5 billions as of today (US$ 59.4 billions, € 55.5 billions). Its stock quote reached its lowest recent point on April 23, 2021 at €UR 10.01, and its highest recent level on April 25, 2024 at €UR 15.28. ENI has 3 634 189 824 shares outstanding. |