02:20 PM EDT, 09/13/2024 (MT Newswires) -- Eni (E) is looking at selling a minority stake in its Plenitude renewable and retail business unit and is currently in talks with several funds for a deal, Reuters reported Friday, citing people with knowledge of the matter.

Apollo Capital Management, Norway's private equity fund HitecVision and private equity firm Trilantic Europe are among the interested buyers of a stake of around 10% in Plenitude, the report said. The discussions are based on a valuation of more than 10 billion euros ($11.08 billion) for the unit.

Eni declined Reuters' request for comment, while Apollo, HitecVision and Trilantic were not immediately available, the report said.

Eni and Trilantic did not immediately reply to MT Newswires' requests for comment, while HitecVision could not be reached.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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