Ares Management to acquire a 20% stake in Plenitude from Eni for €2bn.

Ares Management, a global investment firm, agreed to acquire a 20% stake in Plenitude, a renewables and retail energy company, from Eni, an energy company, for €2bn. Financial terms were not disclosed. “I am pleased to welcome Ares, one of the world's leading investment funds, as a new shareholder in Plenitude. The deal is a further endorsement of the quality of our strategic approach, which combines economic and environmental sustainability in an integrated business model projected on the future of the energy sector. Ares, with its entry into the company, highlights the progression of Plenitude's value and becomes part of our growth journey, which we pursue with determination and conviction day after day,” Stefano Goberti, Plenitude CEO.