Public Company Energy

Eni

San Donato Milanese, Lombardy, Italy

Eni is an integrated energy company active across oil and gas exploration and production, midstream and refining, and low-carbon solutions.

Focus Areas
Oil & Gas Exploration & Production, Refining, Gas & LNG
Website
www.eni.com

Tracked deals

3

3 tracked deals across 2024-2026.

Recent pace

2

2 tracked deals announced in the last 12 months.

Deal mix

Growth capital

2 growth capital · 1 buyout

Eni Acquisition Volume by Year

Last 2 years

Acquisition volume by year Annual acquisition counts for the last 2 years for Eni. 1 2024 ~3 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Eni
    Target
    Nouveau Monde Graphite Inc.
    Industry
    Energy
    Location
    Quebec, Canada

    Eni agreed to acquire a minority stake in Canadian natural graphite producer Nouveau Monde Graphite in a $70 million investment. The deal is part of a larger capital increase at Nouveau Monde Graphite and is intended to secure access to critical graphite for battery storage and Eni’s stationary lithium battery gigafactory initiative in southern Italy.

  • Buyer
    Canada Growth Fund Inc. (CGF), Eni S.p.A., Investissement Québec (IQ), Export Development Canada (EDC), Canada Infrastructure Bank (CIB)
    Target
    Nouveau Monde Graphite Inc.
    Industry
    Energy
    Location
    Quebec, Canada

    Canada Growth Fund Inc. (CGF) entered into a definitive agreement for an approximately US$82 million private placement to support the construction and phased development of Nouveau Monde Graphite Inc.’s flagship Matawinie Mine and related refining facility. The equity financing is part of a larger ~US$633 million package and will be complemented by investments from Eni S.p.A. and Investissement Québec, as well as a concurrent bought-deal public offering of subscription receipts.

  • Buyer
    Vår Energi ASA, Eni S.p.A.
    Target
    Neptune Energy Norge AS
    Seller
    Neptune Energy Group Holdings Limited, China Investment Corporation, Funds advised by Carlyle Group, CVC Capital Partners, Certain management owners
    Industry
    Oil & Gas
    Location
    Norway
    Type
    Buyout

    Vår Energi ASA completed the acquisition of 100% of the shares in Neptune Energy Norge AS, strengthening its position on the Norwegian Continental Shelf and adding ~67 kboepd of production and ~265 mmboe of 2P reserves. The transaction was agreed at an enterprise value of USD 2.275 billion and closed on 31 January 2024 (effective date 1 January 2023); net cash consideration paid on completion (less cash in Neptune Norway) was approximately USD 1.2 billion. The deal increases Vår Energi's scale, operatorships and gas/LNG exposure and is inter-conditional with a separate transaction in which Eni acquires the remainder of Neptune's global assets.

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