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Home Technology & Startups

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

April 11, 2025
in Technology & Startups
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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)

Tags: EniKKRminority stakes
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