Eni Adds Six Banks for IPO of $11 Billion Renewables Unit
- Offering for the unit called Plenitude could kick off in May
- Plenitude IPO could be one of Europe’s largest this year
This article is for subscribers only.
Eni SpA has picked six more banks to work on the initial public offering of its retail and renewables unit Plenitude, which could be valued at about 10 billion euros ($11.3 billion), according to people familiar with the matter.
The Italian energy giant has hired Barclays Plc, Bank of America Corp., BNP Paribas SA, Deutsche Bank AG, Equita Group SpA and UniCredit SpA as bookrunners for the Milan IPO, which could kick off as soon as May, the people said.