Italy, June 23 -- Ares Management Alternative Credit funds ("Ares"), affiliates of leading global alternative investment manager Ares Management Corporation, have signed an agreement with Eni to acquire a stake in Plenitude's share capital.Ares will acquire a 20% stake in Plenitude from Eni for a total value of approximately 2 billion euros, based on an equity valuation of 10 billion euros, which corresponds to an enterprise value of over 12 billion euros. The completion of the transaction is subject to customary regulation approvals.The transaction further strengthens Plenitude's market value, reaffirming the robustness of its business model, which integrates renewable energy production, energy sales and services for households and busines...