Published by Global Banking & Finance Review®
Posted on June 24, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleACEA sells its energy retail unit to Eni's Plenitude for €588.5M, including a stake in Umbria Energy, with potential for an additional €100M by 2027.
(Reuters) -Italian utility ACEA has approved a binding offer from Eni's retail and renewables business Plenitude to acquire its energy retail arm ACEA Energia in a deal worth 588.5 million euros ($682 million), it said on Tuesday.
The offer includes a 50% stake in Umbria Energy, a local energy company, and excludes some ACEA business lines such as energy efficiency and electric mobility.
Under the agreement, ACEA could receive an additional 100 million euros if certain performance targets are met by mid-2027.
Transaction is expected to close by June 2026, pending regulatory approvals, including antitrust and so-called "golden power" clearance. The latter gives the Italian government the option to block or modify deals in sectors considered strategic for national interests.
"This transaction, consistent with ACEA's strategy outlined in the 2024-2028 Business Plan, will enhance the Group's position as infrastructure operator, offering the opportunity to reinvest the proceeds of the sale for further development in the businesses," said ACEA's CEO Fabrizio Palermo.
($1 = 0.8629 euros)
(Reporting by Alberto Chiumento, editing by Gavin Jones and David Evans)
The deal is valued at 588.5 million euros ($682 million).
ACEA could receive an additional 100 million euros if certain performance targets are met by mid-2027.
The transaction is expected to close by June 2026, pending regulatory approvals.
The agreement excludes some ACEA business lines such as energy efficiency and electric mobility.
This transaction is consistent with ACEA's strategy outlined in the 2024-2028 Business Plan, enhancing its position as an infrastructure operator.
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