Ares Management Corporation, a global leader in alternative investment, has announced the acquisition of a 20% stake in Plenitude for approximately €2 billion. Plenitude, controlled by Eni, is a prominent player in the energy transition sector, operating across more than 15 countries with over 4 GW of renewable energy production and a network of 21,500 electric vehicle charging points. This investment values Plenitude at over €12 billion and marks Ares' commitment to supporting the company's growth strategy, which emphasizes economic and environmental sustainability. The transaction is pending customary regulatory approvals.
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