Italian oil major Eni has enlisted French investment bank Natixis to help find investors interested in purchasing a minority stake in its biomethane operation, Enibioch4in.
The company is reportedly seeking to sell up to 49% of the business, according to Corriere della Sera.
The search for potential buyers is still in its early stages, with no specific valuation set or potential investors identified at this point. Enibioch4in, which is part of Eni's biorefining and mobility unit Enilive, manages the entire biomethane supply chain.
This potential sale is part of a broader reorganisation strategy at Eni, aimed at funding the company's ongoing transition toward gas and renewable energy sources.
