GIP agrees to acquire 49.99% of Eni CCUS Holding

Global Infrastructure Partners, part of BlackRock, entered a definitive agreement to acquire 49.99% of Eni CCUS Holding. The platform included the Liverpool Bay and Bacton projects in the UK and L10 in the Netherlands, with an option to participate in Ravenna CCS in Italy. GIP and Eni intended to expand the platform’s carbon-capture and storage projects. The announcement did not disclose a purchase price.