Brief: Eni CEO says biofuel unit Enilive could eventually be listed

Acea SpA

14/03/2024 15:52

March 14 (Reuters) - Eni  ENI.MI  CEO Claudio Descalzi
tells news conference:
    * ENI CEO SAYS DEVELOPMENT FOR BIOFUEL BUSINESS WILL BE
SIMILAR TO
PLENITUDE, WE WILL SEEK STRATEGIC PARTNER
    * ENI CEO SAYS DISPOSALS COULD INVOLVE STAKES IN BIG
EXPLORATIONS
PROJECTS INCLUDING IVORY COAST, INDONESIA
    * ENI CEO SAYS AFTER ENILIVE ALSO CARBON CAPTURE BUSINESS
AND
CHEMICALS WILL BE DEVELOPED AS SATELLITE UNITS
    * ENI CEO SAYS THERE IS NOTHING CONCRETE FOR NOW ON
POTENTIAL
ACQUISITION OF ACEA RETAIL PORTFOLIO
    * ENI CEO SAYS MULTIPLE OF ENILIVE COULD BE AROUND 8 OR 10
TIMES
EBITDA
    * ENI CEO SAYS BIOFUEL UNIT ENILIVE COULD EVENTUALLY BE
LISTED
    * ENI CEO SAYS CCSU BUSINESS COULD HAVE A MULTIPLE OF
BETWEEN 6
AND 8 TIMES EBITDA

Source text for Eikon:  ID: 
Further company coverage:  ENI.MI 

 ((gavin.jones@thomsonreuters.com;))