Eni, through Eni International BV, and together with LiveStream LLC, intends to list New Energy One Acquisition Corporation Plc (NEOA) on the London Stock Exchange. LiveStream and Eni are financiers of NEOA, which was established with the aim of creating a business combination that can participate in or benefit from the transition to a low-carbon economy globally.
NEOA aims to attract up to £ 175 million, covered for £ 17.5 million by Eni (with an option to go up to £ 25 million) through an offer and subscription linked to admission to listing. Eni will be part of the group of lenders and will offer technical and strategic support as well as an exclusive view of the market in terms of opportunities in the context of decarbonisation.
“Our partnership with NEOA highlights our commitment to accelerating the path of decarbonisation of fossil fuels and hard to abate industrial processes in the short term”, remarks Francesco Gattei, Eni’s Chief Financial Officer.