Eni invests in Nouveau Monde Graphite to develop the natural graphite business
Italy, April 10 -- Eni announces an equity investment in Nouveau Monde Graphite ("NMG"), a Canadian company listed on the Toronto Stock Exchange and the New York Stock Exchange, operating in the natural graphite and advanced battery materials industry.The transaction involves an investment by Eni of US$ 70 million, as part of a total capital increase of US$ 297 million. Alongside Eni, the capital increase has been subscribed to by two major Canadian institutional investors, Canada Growth Fund and Investissement Quebec (financial investors backed respectively by the Government of Canada and the Government of Quebec), as well as through a public equity raise.Following the completion of the capital increase, Eni is expected to hold a stake cor...
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