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Eni Debates Renewable IPO Launch Amid Turbulent Market

Eni Reports 94% Slump in Profit, Cuts Production Forecast
Photographer: Alessia Pierdomenico/Bloomberg
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Eni SpA is delaying an initial public offering of its multibillion-dollar renewable arm amid the market turbulence that’s knocking listings across Europe. 

Market conditions have deteriorated since the Plenitude unit announced its intention to float, the Italian oil giant said in a statement Thursday. Bloomberg News reported earlier that Eni was debating whether to postpone the listing.