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Stock impact report

Eni (E) Sells 49.99% Stake in Eni CCUS Holding [Yahoo! Finance]

ENI S.p.A. (E) 
US:NYSE Investor Relations: eni.com/en_it/investors.page
Company Research Source: Yahoo! Finance
Eni S.p.A. (NYSE:E) operates as an integrated energy company in Italy, the United States, Europe, Asia, Africa, and internationally. Eni S.p.A. (NYSE:E) announced on December 18 that it has closed the sale of a 49.99% stake in Eni CCUS Holding to Global Infrastructure Partners (GIP), a leading global infrastructure investor and a part of BlackRock. Eni CCUS Holding is a leading global player in the carbon capture and storage business and is a fundamental part of the Italian giant's energy transition strategy. It operates the Liverpool Bay and Bacton projects in the UK, each targeting 10 million tons annually by 2030. Moreover, it operates the five-million-ton-per-year L10 project in the Netherlands. First revealed in August, the deal states that Eni and GIP now hold joint control of Eni CCUS Holding, further enhancing its growth potential. In other news, Eni S.p.A. (NYSE:E) received a boost on December 9 when the company revealed that it had made a significant gas discovery off t Show less Read more
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