Ares Management Shares Drop 4.06% on $528 Million Trading Volume Ranking 183rd as it Eyes $2.3 Billion Stake in Eni's Renewable Energy Arm

Ares Management (ARES) shares fell 4.06% on May 15, 2025, with a trading volume of $528 million, ranking 183rd in the day's market activity.

Ares Alternative Credit Management is in exclusive talks with Italian energy group Eni to acquire a 20% stake in its renewable energy arm, Plenitude. This potential acquisition is part of Eni's strategy to divest non-core assets and focus on its core energy business. The stake is valued between €9.8 billion and €10.2 billion, which translates to approximately $2.2 billion to $2.3 billion. The deal, if finalized, would mark a significant investment by Ares in the renewable energy sector, aligning with its growing interest in sustainable and low-carbon initiatives.

Eni's Plenitude unit has significant interests in large-scale offshore wind projects, making it an attractive target for investors looking to capitalize on the growing demand for renewable energy sources. The potential acquisition by Ares could provide the necessary capital for Plenitude to expand its operations and further develop its renewable energy portfolio. This move by Ares reflects its broader strategy of investing in high-growth sectors with strong long-term potential, particularly in the renewable energy space.