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A&O Shearman advises in the financing of a minority stake in Eni Plenitude S.p.A. Società Benefit by Ares Management

A&O Shearman advises in the financing of a minority stake in Eni Plenitude S.p.A. Società Benefit by Ares Management
Published Date
Jun 27 2025

Ares Management Corporation (NYSE: ARES), a leading global alternative investment manager, has announced the signing of an agreement with Eni to acquire a 20% stake in Eni Plenitude S.p.A. Società Benefit, a leader in energy transition controlled by Eni, for a total value of approximately EUR2 billion. The consideration implies an enterprise value for Plenitude of over EUR12bn. The completion of the transaction is subject to customary regulation approvals.

Eni Plenitude S.p.A. Società Benefit operates in over 15 countries worldwide, integrating a business model that combines over 4 GW of renewable energy production, energy sales, and solutions across Europe. The company serves more than 10 million customers and manages an extensive network of 21,500 charging points for electric vehicles.

A&O Shearman advised the banks in the financing supporting the transaction with a team led by partner Pietro Scarfone, supported by counsel Luca Maffia, associate Riccardo Ingrao, and trainee Antonio Bussolino; counsel Elia Ferdinando Clarizia and senior associate Simona Simone advised on tax, and partner Emanuele Trucco together with associate Matteo Bortolamai on corporate aspects.

Partner Fiona Cumming, senior associate Ines Bejoui, and associate Valentina Calò from A&O Shearman London advised on English law.

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