GIP to acquire a 49.99% stake in Eni CCUS from Eni.

Global Infrastructure Partners, an infrastructure investment fund, agreed to acquire a 49.99% stake in Eni CCUS, a business operating in the carbon capture, utilization and storage sector, from Eni, a multinational energy company. Financial terms were not disclosed. “The decision to consolidate our CCUS global portfolio into a dedicated entity, and the entry of GIP as a strategic partner, will further enhance our ability to deliver large-scale, technically advanced decarbonization solutions. The development of our satellite model applied to our businesses related to the energy transition is therefore successfully continuing, confirming their significant attractiveness in terms of growth potential and value creation by attracting aligned capital, as well as their effectiveness in reducing emissions," Claudio Descalzi, Eni CEO.