Eni said to have contracted Natixis to sell to up 49% of Enibioch4in

In Italy, the Corriere della Serra newspaper reports Eni has commissioned the French investment bank Natixis to search for investors interested in acquiring a stake in Enibioch4in. Up for grabs is a large minority share that could reach up to 49 percent.

Eni preferred not to comment on the rumors when contacted by the newspaper. The operation is still in its initial stages, so the company has not yet defined the expected valuation nor, even less, started negotiations with potential suitors. However, there are already some funds specialized in investments in infrastructure and energy transition: the Germans of Dws and the French of Meridiam and Vaubam. Others may be added during the process.

Enibioch4in is controlled by Enilive, Eni’s company dedicated to mobility, and oversees the entire biomethane supply chain. In 2021, the company acquired 22 plants to convert into biomethane with the aim of reaching a capacity of 40-50 million standard cubic meters per year by 2027. The search for a financial partner has a dual purpose: on the one hand, it will provide resources to accelerate the company’s growth; on the other, it will allow Eni to crystallize its financial value.