07:15 AM EDT, 05/23/2024 (MT Newswires) -- ENI SpA ( E ) is considering selling a 20% stake in its Enilive biorefining unit following interest expressed by potential buyers, Bloomberg News reported Thursday, citing unnamed people familiar with the matter.

The company values the entire unit at about 10 billion euros ($10.85 billion), the anonymous sources cited by Bloomberg said.

Eni is working with its advisers while discussions about the sale are at an early stage, as the company is still considering its options for the unit, the report said.

The company did not immediately respond to an MT Newswires' request for comment on the matter.

(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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