Funds managed by Ares Alternative Credit, affiliates of US alternative investment manager Ares Management Corp (NYSE:ARES), have finalised <a href="https://renewablesnow.com/news/ares-to-spend-eur-2bn-on-plenitude-stake-1277313/" target="_blank">the acquisition of a 20% stake</a> in Italian renewable energy firm Plenitude for EUR 2 billion (USD 2.3bn), Plenitude said on Tuesday.