Oil and gas company Eni has announced it has agreed to sell a 49% stake in its power generation business unit Enipower.
Enipower is the second-largest producer of electricity in Italy, with six gas plants and a total power capacity of nearly 5GW.
The Italian energy giant did not disclose the financial details of this agreement with the global investment firm which manages $60 billion (£46bn) in assets.
Francesco Gattei, Eni’s Chief Financial Officer, said: “The deal is part of Eni’s strategy to enhance our assets and free up new resources for the energy transition.”
Eni added that it will still control Enipower’s operations.
