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KKR acquires an additional 5% stake in Eni Group's biofuel Business.
The Italian energy giant Eni Group announced on Tuesday that it has agreed to sell an additional 5% stake in its biofuels business Enilive to private equity firm KKR for €0.5875 billion (approximately $0.616 billion). Eni stated that this will bring KKR's ownership in Enilive to 30%. Eni Group mentioned that Enilive is a mobile transformation company that provides integrated services and products aimed at achieving gradual decarbonization by 2050. The company owns bio-refining and biomethane assets, as well as the car-sharing business Enjoy. Eni Group stated that this Trade will
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