Eni Postpones Plenitude IPO on Market Conditions
June 23 2022 - 1:18PM
Dow Jones News
By Giulia Petroni
Eni SpA on Thursday said that it has postponed the initial
public offering in Milan of its Plenitude retail and renewables
business due to deteriorating market conditions.
"Even though the companies have seen a strong and widespread
interest in Plenitude from investors, as well as significant
consensus on its strategy, Eni assessed the volatility and
uncertainty currently concerning markets require additional
monitoring," the Italian oil-and-gas major said.
Plenitude is currently fully controlled by Eni, and Eni is set
to retain a majority stake after the planned IPO on Euronext
Milan.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
June 23, 2022 13:03 ET (17:03 GMT)
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