Reported about 1 month ago
KKR is acquiring a 25% stake in Eni's biofuel subsidiary, Enilive, for €2.94 billion, valuing the unit at approximately €11.75 billion. This investment enhances Eni's financial stability while maintaining its control over Enilive, part of Eni's strategy to attract co-investors for growth and support its decarbonization efforts. The deal includes a capital increase for Enilive and signals Eni's commitment to energy transition and biofuel production.
Source: YAHOO