23rd Jun 2023 18:00
New Energy One Acquisition Corp PLC - London-based company focused on investment in the energy transition sector - Responds to speculation that it is in discussions about a potential combination with a portfolio of carbon capture and storage projects owned by Rome-based energy company Eni Spa. Confirms it is in "very preliminary discussions" with Eni in connection to a potential business combination. Notes neither the transaction perimeter nor a valuation has been agreed upon at this point, nor have the potential financing requirements for the firm been determined. Says there is no certainty the potential business combination will be agreed or completed. Should the discussions progress, NEOA says it will make a further announcement.
Current stock price: 1,040.00 pence
12-month change: up 5.1%
By Heather Rydings, Alliance News senior economics reporter
Comments and questions to [email protected]
Copyright 2023 Alliance News Ltd. All Rights Reserved.