-- Italian energy major Eni SpA is studying the sale of a 20% stake in its Enilive biorefining unit after receiving expressions of interest from potential suitors, according to people familiar with the matter.Tech Up in Late Hours as Nvidia Emboldens AI Bulls: Markets Wrap
Eni has embarked on a reorganization to help fund its transition to gas and renewable energy. Chief Executive Officer Claudio Descalzi is pursuing a “satellite model,” which entails listing divisions or partnering with external investors to develop them. The rise of Bruce Nordstrom, who once swept the floors of his grandfather’s shoe stores for 25 cents an hour—and climbed the ranks to build a multibillion-dollar retail empire -- KKR & Co. and TPG Inc. are exploring options including a buyout of Southeast Asian online real estate platform PropertyGuru Group Ltd., people familiar with the matter said.
Source: Energy Industry News (energyindustrynews.net)
Eni Spa Expressions Of Interest Renewable Energy
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