Ares Alternative Credit Acquires 20% Stake in Plenitude for Approximately €2 Billion

June 23, 2025

Ares Alternative Credit funds have entered into a definitive agreement to acquire a 20% minority stake in Plenitude for approximately €2 billion. The deal implies an enterprise value for Plenitude of over €12 billion and is subject to customary regulatory approvals.

Targets
Plenitude
Sellers
Eni (controls Plenitude)
Industry
Energy
Location
Italy
Transaction Type
Growth capital

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