Eni SpA (BIT:ENI) on November 22, 2021 presented the official plan for listing a minority stake in its recently merged renewables, retail and e-mobility business, to be operated under the Plenitude brand. Eni Plentitude will encompass all of the group's business dealing with the production of power from renewable energy sources, retail activities, the sale of energy solutions and the creation of a charging network for electric vehicles (EVs). The initial public offering (IPO) of the rebranded entity is aimed at providing the parent company with free capital to deliver returns to its shareholders and fund initiatives related to the energy transition. The transaction will be completed in 2022, leaving Eni with a majority stake in Plentitude.