As part of the initial phase of the buyback, Eni (E) will acquire up to 6.4 million of its shares, representing 0.25 of its share capital.
Eni (E) considers divesting a 20% stake in Enilive, its biorefining arm, signaling a strategic shift toward renewable energy.
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Eni (E) partners with IFC and the Italian Climate Fund to secure a $210 million investment, aiming to revolutionize Kenya's biofuel industry, empower farmers, and decarbonize transportation.
The sale involves 2.8% of Eni's (E) shares and is being conducted through an accelerated book building process.