Plenitude, a renewables and electricity offshoot of Italian oil major Eni that has been earmarked for a partial stock market flotation, has a value of around €10bn ($11bn), investment bank Jefferies said today (Tuesday).
In a research note that was commenting on Eni’s reported readiness to sell a stake in Plenitude in a one-off transaction, Jefferies suggested a “sum-of-the-parts” equity valuation of €8-€12bn.
