BF Group and Eni Strengthen Ties with Strategic Investment
Deal News | Feb 07, 2025 | Finance Community IT - 1 Corporate M&A
Eni Natural Energies, a subsidiary of Eni, has entered the capital of BF International through a significant investment. The agreement entails subscribing to an increase in reserved share capital and the purchase of over seven million ordinary shares from BF, which will be converted into category B shares. This transaction marks a further strengthening of the partnership between BF Group and Eni in the non-food agri-feedstock segment, complementing BF's food segment supply chain model. The deal aligns with the 2023-2027 industrial plan aimed at internationalizing BF International. Intesa Sanpaolo, L&C Consulting & Partners, and Grimaldi Alliance, along with Esiodo s.t.a.p.a., acted as financial, industrial, and legal advisors, respectively.
Sectors
- Energy
- Agriculture
- Finance
Geography
- Italy – Both Eni and BF Group are headquartered in Italy, which is the primary geography for this transaction.
Industry
- Energy – Eni Natural Energies is a subsidiary of Eni, a key player in the energy sector.
- Agriculture – The investment focuses on agri-feedstock production, relevant to BF Group's operations.
- Finance – The transaction involves financial structuring and advisory services.
Financials
- 7,1248 euro – Unit price for the subscription of category B shares in BF International.
- 49,999,986.83 euro – Total amount for the purchase of 7,017,739 ordinary shares, which will be converted.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Eni Natural Energies | Investor | Company | A subsidiary of Eni focusing on sustainable energy solutions. |
| BF International | Target Company | Company | A subsidiary of BF Group focusing on international agricultural operations. |
| BF Group | Parent Company | Company | An Italian conglomerate with interests in agriculture and energy. |
| Intesa Sanpaolo | Financial Advisor | Company | Provided financial advisory services through its Divisione IMI Corporate & Investment Banking. |
| L&C Consulting & Partners | Industrial Advisor | Company | Provided industrial advisory services for the transaction. |
| Grimaldi Alliance | Legal Advisor | Company | Provided legal advisory services through its London office. |
| Esiodo s.t.a.p.a. | Legal Advisor | Company | Italian law firm providing legal advice for the transaction. |