Sixth Street Partners in final talks to buy stake in Eni’s power unit: sources

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Sun, 2022-01-16 14:14

US investment firm Sixth Street Partners has emerged as the leading bidder for the power generation unit of Italian energy group Eni and is in advanced talks to buy a minority stake in the business, three sources told Reuters on Friday.

Eni, advised by JPMorgan, is looking to sell a stake of up to 49 percent in Enipower in a deal that could value the business at up to 1.2 billion euros ($1.4 billion), one of the sources familiar with the matter said.

The sale is expected to be wrapped up by the end of the first quarter, the source said.

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