KKR expands stake in Eni's biofuel unit Enilive to 30%

Published 18/02/2025, 10:36
© Reuters.

Investing.com -- U.S. fund KKR has acquired an additional 5% stake in Enilive, the biofuel business of Italy's Eni, for 587.5 million euros ($614.17 million).

The latest purchase increases KKR's total holding in Enilive to 30%, according to an announcement by the energy group on Tuesday.

Previously in October, KKR had agreed to buy a 25% stake in Enilive.

The sale of the additional 5% stake is based on the same valuation as the October agreement, which equates to a total consideration of 11.75 billion euros.

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