Eni pockets 3.6 billion euros from stake sales in biofuel unit to KKR - Finance news and analysis from Global Banking & Finance Review

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Finance

Eni pockets 3.6 billion euros from stake sales in biofuel unit to KKR

Published by Global Banking & Finance Review

Posted on April 11, 2025

1 min read

· Last updated: April 11, 2025

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Eni Finalizes €3.6 Billion Biofuel Stake Sale to KKR

MILAN (Reuters) - Italian energy group Eni said on Friday it completed the sale of an additional 5% stake in Enilive to U.S. fund KKR, bringing the total proceeds from the disposal of two minority stakes in its biofuel unit to 3.6 billion euros ($4.1 billion).

This second deal with KKR was announced in February after a previous agreement, signed in October, under which the U.S. fund bought a 25% in the unit.

The 3.6 billion proceeds include a 500 million euro capital increase into Enilive, Eni said.

($1 = 0.8815 euros)

(Reporting by Francesca Landini, editing by Giulia Segreti)

Key Takeaways

Eni sold an additional 5% stake in Enilive to KKR.
Total proceeds from the stake sales reached €3.6 billion.
The deal includes a €500 million capital increase.
KKR previously acquired a 25% stake in October.
The transaction enhances Eni's strategic partnerships.

Frequently Asked Questions

What is the main topic?

The article discusses Eni's sale of a stake in its biofuel unit to KKR, totaling €3.6 billion.

Who are the main entities involved?

The main entities are Eni, an Italian energy group, and KKR, a U.S. investment fund.

What does the deal include?

The deal includes a €500 million capital increase into Enilive.

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