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[Italian oil company Eni Group plans to sell part of its biofuel division by the end of the year.MyriacryptogameRecently, according to three sources, Italian oil company Eni Group is planning to sell its biofuel and bioplastics division Enilive by the end of the year.MyriacryptogameThe potential transaction value of the minority stake is about 1.3 billion euros. The sale is aimed at accelerating the company's energy transformation process. Eni has begun preliminary discussions with a number of funds and industrial investors to find partners interested in buying up to 10 per cent of the biofuel sector. Through the stake sale, Eni will focus more on its core energy business to adapt to the changing trend in the global energy market. Hexun self-selected Stock Writer risk Tip: the above content is only the views of the author or guest, does not represent any position of Hexun, and does not constitute any investment advice related to Hexun. Before making any investment decision, investors should consider the risk factors related to investment products according to their own circumstances and consult professional investment advisers if necessary. Hexun tries its best but cannot confirm the authenticity, accuracy and originality of the above content, and Hexun does not make any guarantee or commitment.