Eni: investment in Nouveau Monde Graphite completed
Italy, May 15 -- Eni announces the closing of the equity investment in Nouveau Monde Graphite Inc. ("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. Eni has subscribed for an investment of US$70 million, as part of a total US$309.5 million capital investment from private investors (Eni, Canada Growth Fund, Investissement Quebec) and the public.Following the approval of private placement by the shareholders of NMG and the closing of the transaction earlier today, Eni holds a stake corresponding to around 11.6% of NMG's share capital and has the right to appoint a representative to NMG's Board.The investment in NMG, annou...
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