Eni CEO States U.S. Investors Are Confident in Group’s Strategy, According to Reuters

MILAN (Reuters) – U.S. investment funds are expressing confidence in Eni’s strategy of spinning off its growth businesses to attract additional financial resources, stated Claudio Descalzi, CEO of the Italian energy company, on Friday.

Eni has implemented a ‘satellite’ strategy, establishing several companies focused on low-carbon sectors and upstream assets. Currently, the company is in discussions with U.S. fund KKR regarding the sale of a minority stake in its biofuel division, Enilive.

Descalzi remarked that the satellite model, which was initially met with skepticism, has yielded results that exceed expectations, as he spoke at a conference in Milan.