KKR to acquire 25% stake in Eni’s biofuels unit for €2.9bn

Oct. 24,Italian energy group Eni said Thursday that U.S. fund KKR will buy a 25 percent stake in its biofuels unit Enilive for a deal consideration of 2.938 billion euros. KKR’s investment improves the capital structure of Eni Group and reduces its net financial position, while ensuring that Eni continues to consolidate and control Enilive.