Business
Ares Management Acquires Minority Stake in Plenitude for €2 Billion
LONDON & MILAN, June 23, 2025--Ares Management Corporation ("Ares") (NYSE: ARES), a leading global alternative investment manager, announced today that Ares Alternative Credit funds ("Ares Alternative Credit") have entered into a definitive agreement for the acquisition of a 20% stake in Plenitude, a leader in energy transition controlled by Eni, for approximately €2 billion. The consideration implies an enterprise value for Plenitude of over €12 billion. Completion of the transaction is subject
About this update from Ares Management Corporation
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