Captivating Deal: KKR Acquires 25% of Eni's Biofuel Division for €2.9 Billion

A significant development has occurred in the energy sector. Italian energy giant Eni announced that it has signed a partnership agreement with American investment fund KKR. KKR will acquire a 25% stake in Eni's biofuel unit, Enilive. This transaction values the entire unit at €11.75 billion (approximately $12.68 billion).

According to the agreement concluded today, KKR will pay €2.938 billion for the quarter stake. This investment by KKR will strengthen Eni's capital structure by reducing its net financial position. Despite this partial sale, Eni will maintain consolidation and control over Enilive.

KKR's strategic investment in Enilive reflects a valuation emphasizing the growing importance of sustainable energy sources, such as biofuels, in the global energy market. The transaction demonstrates the increasing interest of investment funds in the renewable energy sector, particularly in businesses with an established operational foundation and growth potential in the green energy field.

Eni is actively engaged in the energy transition movement, and Enilive is a critical component of its strategy to diversify its energy portfolio and invest in more sustainable energy solutions. The collaboration with KKR will provide Enilive with capital flow to support further development and expansion initiatives.

The exchange rate recorded during the transaction was 1$ = €0.9270.