Italian energy group Eni S.p.A. (BIT:ENI) is considering either a Milan listing for its sustainable mobility unit Eni Liverpool Bay Operating Company Limited or selling a minority share to a specialised fund ahead of a subsequent float, daily Corriere della Sera reported on February 23, 2024. The newspaper, citing several sources, said that the company has tapped Mediobanca (MDBI.MI), and JP Morgan (JPM.N), to test investor interest for the unit which could have a value of some EUR 10 billion ($10.83 billion). JP Morgan declined to comment.

Mediobanca and Eni did not immediately reply to a request for comment. Under Chief Executive Claudio Descalzi, Eni is applying what it calls a "satellite" approach to create independent units specialising in specific activities and able to attract investors focused on those businesses.