The logo of Italian energy company Eni is seen on a booth stand during the Nigeria International Petroleum Summit in Abuja, Nigeria February 11, 2020. Picture taken February 11, 2020. Afolabi Sotunde
The logo of Italian energy company Eni is seen on a booth stand during the Nigeria International Petroleum Summit in Abuja, Nigeria February 11, 2020. Picture taken February 11, 2020. Afolabi Sotunde

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

April 11th, 2025 | 13:07 PM MARKETS Deals 1

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By Reuters

Italian energy group Eni (ENI.MI) 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 (KKR.N) 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)

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