Italian energy group Eni has picked Goldman Sachs and Mediobanca to work on the planned spinoff of its new retail and renewable business, two sources said.
In April Eni approved the launch of a strategic project to list or sell a minority stake in the unit as part of the company’s energy transition strategy.
The business, which includes renewable power generation and energy sales to customers, could be worth in the region of 10 billion euros ($12 billion), a source previously said.
Goldman Sachs and Mediobanca declined to comment. Eni said it did not comment on market rumours. ($1 = 0.8241 euros) (Reporting by Stephen Jewkes; editing by Francesca Landini)
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