12:15 PM EDT, 04/02/2025 (MT Newswires) -- (Updates with further details starting in the third paragraph.)

Eni (E) is gathering bids for a stake in its Plenitude unit and is discussing a potential valuation of up to 13 billion euros ($14.13 billion) for this stake sale round, Bloomberg reported Wednesday, citing sources familiar with the matter.

Sources told Bloomberg that Eni has received initial expressions of interest for a 15% stake in Plenitude, valuing the unit between 12 billion euros and 13 billion euros.

According to the report, the Italian energy major maintains about a 90% interest in Plenitude after its recent sale of a 10% stake to Energy Infrastructure Partners, which valued the unit at around 10 billion euros.

Sources said potential bidders include Stonepeak, Ares Management ( ARES ) , and Apollo Global Management ( APO ) , and that final bids for the Plenitude stake could come in the coming weeks, according to Bloomberg. Sources also said the potential deal could change as talks are still ongoing.

Eni did not immediately respond to an MT Newswires request to comment.

(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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