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Other information | 12 Months Ended
--- | ---
Dec. 31, 2023
Other information |
Other information | 2 7 Other information Supplemental cash flow information
(€ million) | 2023 |  |  | 2022 |  |  | 2021 |
Investment in consolidated subsidiaries and businesses |  |  |  |  |  |  |  |
Current assets | 408 |  |  | 147 |  |  | 262 |
Non-current assets | 1,985 |  |  | 1,981 |  |  | 1,124 |
Net borrowings | (91 | ) |  | (541 | ) |  | (486 | )
Current and non-current liabilities | (622 | ) |  | (366 | ) |  | (349 | )
Net effect of investments | 1,680 |  |  | 1,221 |  |  | 551 |
Goodwill | 25 |  |  | 482 |  |  | 1,574 |
Fair value of investments held before the acquisition of control | (271 | ) |  | (21 | ) |  | (99 | )
Non-controlling interests | (2 | ) |  | (15 | ) |  | (4 | )
Purchase price | 1,432 |  |  | 1,667 |  |  | 2,022 |
less: |  |  |  |  |  |  |  |
Cash and cash equivalents acquired | (155 | ) |  | (31 | ) |  | (121 | )
Consolidated subsidiaries and businesses net of cash and cash equivalent acquired | 1,277 |  |  | 1,636 |  |  | 1,901 |
Disposal of consolidated subsidiaries and businesses |  |  |  |  |  |  |  |
Current assets | 130 |  |  | 1,377 |  |  | 2 |
Non-current assets | 153 |  |  | 8,618 |  |  |  |
Net borrowings | 180 |  |  | (2,085 | ) |  |  |
Current and non-current liabilities | (124 | ) |  | (2,351 | ) |  |  |
Net effect of disposals | 339 |  |  | 5,559 |  |  | 2 |
Current value of the stake held for business combinations | (580 | ) |  | (5,726 | ) |  |  |
Reclassification among other items of OCI | (7 | ) |  | (918 | ) |  |  |
Gain on disposal of business combinations | 427 |  |  | 2,704 |  |  |  |
Fair value of share capital held after the sale of control | 414 |  |  |  |  |  |  |
Credits for divestments | (173 | ) |  | (1,609 | ) |  |  |
Selling price | 420 |  |  | 10 |  |  | 2 |
less: |  |  |  |  |  |  |  |
Cash and cash equivalents sold | (25 | ) |  | (70 | ) |  |  |
Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of before business combination | 395 |  |  | (60 | ) |  | 2 |
Business combination Unión Fenosa Gas |  |  |  |  |  |  |  |
Investment in Unión Fenosa Gas sold |  |  |  |  |  |  | 232 |
less: |  |  |  |  |  |  |  |
Investments and businesses acquired |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  | 370 |
Non-current assets |  |  |  |  |  |  | 378 |
Net borrowings |  |  |  |  |  |  | (128 | )
Long-term and short-term liabilities |  |  |  |  |  |  | (420 | )
Total investments and businesses acquired |  |  |  |  |  |  | 200 |
Total net disposals |  |  |  |  |  |  | 32 |
less: |  |  |  |  |  |  |  |
Cash and cash equivalents acquired |  |  |  |  |  |  | 42 |
Business combination Unión Fenosa Gas net of cash and cash equivalent acquired |  |  |  |  |  |  | 74 |
Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of | 395 |  |  | (60 | ) |  | 76 |
Investments and disposals in 202 3 are disclosed in note 5 – Business c ombinations and other significant transactions. Investments in 202 2 concerned: (i) the 100% acquisition of the company SKGR Energy Single Member SA (now Eni Plenitude Renewables Hellas Single Member SA), which owns a pipeline of photovoltaic projects totalling around 800 MW in Greece; (ii) the acquisition of the Corazon I Solar plant with 266 MW of capacity, in Texas (USA) and the Guajillo storage project; (iii) the acquisition of 100% of the company Energía Eólica Boreas SLU, with a generation capacity of 104.5 MW; (iv) the acquisition of a 100% stake in the company Export LNG Ltd which owns the Tango FLNG floating liquefaction plant; (v) the acquisitions of PLT Energia Srl (now Eni Plenitude Wind & Energy Srl) and SEF Srl (now Eni Plenitude Solar & Miniwind Italia Srl). Disposals in 202 2 concerned: (i) the establishment by bp and Eni of Azule Energy Holdings Ltd, a 50/50 joint venture combining the two partners' Angolan hydrocarbon exploration and production assets. The transaction resulted in the loss of control of Eni Angola SpA, Eni Angola Exploration BV and Eni Angola Production BV which were contributed to Azule Energy Holdings Ltd in exchange of a 50% stake in the new entity; (ii) the disposal of 100% of the consolidated company Eni North Sea Wind Ltd which owned a 20% interest in the Dogger Bank A, B and C projects in the United Kingdom to the Norwegian joint venture Vårgrønn AS (Eni's interest 65%); (iii) the dispos al of the stakes in exploration and production activities in Pakistan. Investments in 2021 concerned: (i) the acquisition of a 100% stake of Aldro Energía y Soluciones SLU (now Eni Plenitude Iberia SLU) active in the market for the sale of power, gas and services in the retail business; (ii) the acquisition of a 100% stake of the company FRI-EL Biogas Holding (now EniBioCh4in SpA) active in the sector of power production from bioenergy; (iii) the acquisition from Glennmont Partners and PGGM Infrastructure Fund of a portfolio of thirteen operating onshore wind farms, with a total capacity of 315 MW; (iv) the acquisition of Dhamma Energy Group; (v) the acquisition from Azora Capital of a portfolio of nine renewable energy projects consisting of three wind farms in operation and one under construction for a total of 234 MW and five photovoltaic projects in an advanced stage of development for approximately 0.9 GW; (vi) the acquisition of control of Finproject by exercising the call option on the remaining 60% of the share capital, after the initial investment of 40% made in 2020; (v i i) a 100% stake in Be Power, acquired by Zouk Capital and Aretex, companies active in the segment of charging infrastructure for power mobility. Disposals in 2021 concerned the restructuring of the joint venture Unión Fenosa Gas SA following the agreements with the authorities of the Arab Republic of Egypt (ARE) and the Spanish partner Naturgy for the resolution of all outstanding issues of the joint venture with Egyptian partners which resulted in an overall cash adjustment for the benefit of Eni, represented in the disposals. Business combinations The provisional and definitive price allocation of the net assets acquired in 202 2 is shown below:
(€ million) | Energía Eólica Boreas SLU (Provisional allocation) |  |  | Energía Eólica Boreas SLU (Definitive allocation) |  |  | PLT (PLT Energia Srl e SEF Srl) (Provisional allocation) |  |  | PLT (PLT Energia Srl e SEF Srl) (Definitive allocation) |
Current assets | 1 |  |  | 1 |  |  | 145 |  |  | 145 |
Property, plant and equipment | 100 |  |  | 100 |  |  | 532 |  |  | 532 |
Goodwill | 18 |  |  | 16 |  |  | 412 |  |  | 390 |
Other non-current assets | 157 |  |  | 160 |  |  | 288 |  |  | 337 |
Cash and cash equivalent (Net borrowings) | (59 | ) |  | (59 | ) |  | (390 | ) |  | (390 | )
Current and non-current liabilities | (114 | ) |  | (115 | ) |  | (237 | ) |  | (264 | )
Net effects of investments | 103 |  |  | 103 |  |  | 750 |  |  | 750 |
Advances paid in 2021 | (16 | ) |  | (16 | ) |  |  |  |  |  |
Total purchase price | 87 |  |  | 87 |  |  | 750 |  |  | 750 |
Following the definitive allocation of the 202 2 b usiness c ombinations, financial statements were not restated taking into account the immateriality of the changes.

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