Eni signs temporary exclusivity agreement with KKR to potentially sell 20-25% stake in Enilive unit for €3bn.
Eni, an Italian energy major, signed a temporary exclusivity agreement with KKR to sell a stake in its Enilive unit, potentially worth €3bn ($3.3bn). The companies are discussing the sale of a 20% to 25% stake in Enilive, with a valuation for the biorefining unit of €11.5bn to €12.5bn. The potential sale is part of Eni's reorganization to help fund a transition to gas and renewable energy.
July 23, 2024
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