(ANSA) – ROME, MARCH 14 – The energy group Eni sells 49% of the shares held in Enipower to Sixth Street, one of the leading investment companies worldwide. This was announced in a joint press release explaining that “Enipower, with 6 gas plants and a total operating power of about 5 Gw, is the second largest producer of electricity in Italy, the first industrial steam cogenerator and one of the first Italian operators in network services necessary to ensure the adequacy of the electricity system. Eni will maintain control of Enipower in operational terms as well as the consolidation of the company’s financial statements. The agreement is subject to certain conditions precedent, including those of the competent authorities.
“The transaction is part of Eni’s strategy aimed at enhancing our assets and freeing up new resources for the energy transition”, commented Francesco Gattei, Eni’s Chief Financial Officer. “We are also pleased to have entered into a long-term partnership with an internationally recognized institutional investor specializing in infrastructure investments.” Sixth Street’s Infrastructure sector is dedicated to creating long-term solutions for companies operating in the infrastructure sector globally. Sixth Street enters into large-scale capital partnership agreements with institutions that manage infrastructure, energy transmission and renewable assets. “The global energy transition requires creative and long-term solutions, and we are delighted to collaborate with Eni in the efficient application of its energy transition strategy,” said Richard Sberlati, Partner of Sixth Street. “This transaction is an example of the partnership approach we take to create institutional solutions for multinational companies in Europe and North America, leveraging our platform’s strong capabilities to invest in renewable power generation, transmission and transitions.” (HANDLE).
Source: Ansa
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