By Mauro Orru

Eni SpA said Friday that it was considering a stock exchange listing as well as the sale or exchange of a minority stake in a new business unit combining its retail and renewable energy activities.

The Italian oil-and-gas major said the purpose of the new entity will be the development of renewable generation capacity of more than 5 gigawatts by 2025

"This capacity will be offered to the company's growing customer base, which is expected to include over 11 million customers by that time, with an overall Ebitda expected to grow from 600 million euros ($727.3 million) in 2021 to over 1 billion euros in 2025," Eni said.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

April 30, 2021 02:29 ET (06:29 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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