IP and Macquarie Capital formed IPLANET.

IP, an Italian operator in the fuel and mobility sector, and Macquarie Capital, a private equity firm, formed IPLANET, a joint venture dedicated to the development of sustainable mobility in Italy. Financial terms were not disclosed. "Our vision of service stations as key transition infrastructure comes to life with IPLANET: a multi-energy, multi-service hub meeting the different mobility needs of Italians. Together with acquisition of the ESSO Italian assets, this agreement gives our Group the scale and operational capacity needed to spread sustainable mobility: from electric to increasingly cleaner traditional fuels, from biofuels to hydrogen," Ugo Brachetti Peretti, IP Chairman.