Italian energy giant Eni has announced that Global Infrastructure Partners (GIP), a subsidiary infrastructure fund of BlackRock, has agreed to acquire a 49.99% stake in its Carbon Capture and Storage (CCUS) business. While the transaction price remains undisclosed, this deal aligns with Eni's strategy of funding the growth of complementary businesses through the sale of minority stakes. The transaction signifies BlackRock's entry into Europe's pivotal CCUS assets, further solidifying its global presence in decarbonization infrastructure.
