Ares Management Invests €2 Billion for 20% Stake in Plenitude
November 5, 2025
Ares Management, via its Ares Alternative Credit funds and affiliated vehicles, acquired a 20% stake in Plenitude from Eni for €2 billion, valuing the renewable energy and energy solutions company at over €12 billion. The investment will strengthen Plenitude’s shareholder base and support the company’s growth in renewable generation, energy retailing and electrification services as it pursues a target of 10 GW of capacity by 2028.
- Buyers
- Ares Management, Ares Alternative Credit funds (Ares Management)
- Targets
- Plenitude
- Sellers
- Eni
- Industry
- Renewable Energy
- Location
- Lombardy, Italy
- Transaction Type
- Growth capital
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