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Eni Plenitude has announced its intention to launch an initial public offering (IPO) for the listing of its ordinary shares on Euronext Milan, a regulated market organised and managed by Borsa Italian (Euronext Milan).
Plenitude is a company currently 100% controlled by Eni, an integrated business combining the generation of electricity from renewables, the sale of electricity, gas and energy services to households and businesses, and a European network of charging points for electric vehicles.
As of 31st March 2022, Plenitude had an installed renewables generation capacity of c.1.4 GW and a pipeline of renewables projects of over 10GW, a retail portfolio of 10 million clients and an electric vehicle charging network of 7,300 proprietary installed charging points (excluding inter-operational charging points). Eni intends to retain a majority stake following the IPO and is committed to continue supporting Plenitude.
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