Finance
Eni's renewable unit buys energy customer portfolio from Italy's ACEA
Published by Global Banking and Finance Review
Posted on December 3, 2025
1 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 3, 2025
1 min readLast updated: January 20, 2026
Eni's Plenitude acquires ACEA's energy customer portfolio for €587M, expanding its customer base in Europe to over 11 million.
MILAN, Dec 3 (Reuters) - The low-carbon unit of Italian energy group Eni has agreed to buy some of the businesses of regional utility ACEA in a deal worth 587 million euros ($685 million), the two companies said on Wednesday.
The price will be subject to standard adjustment mechanisms for this type of transaction, the companies said, and Eni's Plenitude could pay an additional 100 million euros to ACEA if certain performance targets are met by mid-2027.
The acquisition, expected to close by June next year, will add more than 1.4 million retail customers to Plenitude's total in Italy, bringing its customer tally in Europe to over 11 million – a threshold it had previously aimed to reach only in 2028.
ACEA, advised on the deal by Rothschild, said it would use the proceeds to focus on energy networks and regulated businesses.
"This transaction will allow us to reinvest in infrastructure, innovation and sustainability and in the development of regulated businesses, generating a positive impact on the group's growth and results," ACEA Chief Executive Fabrizio Palermo said in a statement.
($1 = 0.8573 euros)
(Reporting by Francesca Landini, editing by Gavin Jones)
A renewable energy unit refers to a division or segment of a company focused on generating energy from renewable sources such as solar, wind, or hydroelectric power.
A customer portfolio is a collection of customers or client accounts that a company manages, often used to analyze customer demographics and tailor services or products.
A performance target is a specific goal set by a company that outlines expected outcomes or achievements within a defined timeframe, often linked to financial or operational metrics.
An acquisition is a business transaction in which one company purchases another company, gaining control over its assets, operations, and customer base.
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