KKR Boosts Stake in Eni's Biofuel Business

KKR Boosts Stake in Eni’s Biofuel Business to 30%
Global investment firm KKR (KKR) has agreed to increase its stake in Enilive, the biofuel subsidiary of Italian energy giant Eni (E). Under
KKR to buy additional 5% stake in Eni biofuel business, taking total ownership to 30%
KKR (NYSE:KKR) to acquire an additional 5% stake in Eni's (NYSE:E) biofuel business, Enilive, for €587.5M (~$614.17M). This transaction increases KKR's total ownership in Enilive to 30% while Eni (NYSE:E) retains control of the company.
KKR Lifts Stake in Enilive as Energy Major Eni Pushes Disposals
KKR & Co. is raising its stake in Eni SpA’s Enilive to 30%, as the Italian energy major pushes ahead with its plan to sell €8 billion ($8.4 billion) in assets through 2027.
KKR to acquire additional 5% stake in Eni’s biofuel business Enilive
US investment firm KKR has entered an agreement to acquire an additional 5% stake in Italian energy major Eni’s biofuel business, Enilive. The stake will be acquired for €587.5m. The additional acquisition will take KKR’s total interest in Enilive to 30%.
KKR Boosts Enilive Ownership To 30% With ~$614 Million Investment: Details
KKR to acquire 5% stake in Enilive for €587.5 million, bringing their total ownership to 30%. This investment will enhance Eni's capital structure and support their push for energy transition. KKR also acquired a stake in Employment Hero from SEEK Investments.
KKR to Buy Additional 5% Stake in Eni Biofuel Business
(Reuters) -U.S. fund KKR has signed an agreement with Italy's Eni to buy an additional 5% stake in Eni's biofuel business Enilive for 587.5 million euros ($614.17 million), bringing its total stake to 30%, the energy group said on Tuesday.
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