According to the final agreement under negotiation, besides the initial acquisition of a 49.99% stake in Eni CCUS Holding, GIP will support investments in the CCUS projects.
The agreement follows a thorough selection process involving several prominent international players who expressed strong interest in the company, further confirming the great appeal of its business and its growth prospects. This step represents another example of the development of Eni's satellite model strategy, aiming at attracting strategically aligned capital from valuable new partners at attractive terms, confirming the value Eni is creating in its new energy transition related businesses and funding their further growth.
CCUS is a mature and safe technological process and it is one of the key levers for the energy transition being the most efficient and effective decarbonisation tool to support hard-to-abate industries in reducing their emissions.
