Eni Finalizes Stake Sale to KKR, Boosting Enilive’s Growth

ENI S.p.A. ( (IT:ENI) ) has shared an update.

Eni has completed a transaction with KKR, increasing KKR’s stake in Enilive to 30% by purchasing an additional 5% of shares for approximately 601 million euros. This transaction, which supports Enilive’s growth plan, results in a total equity valuation of 11.75 billion euros for Enilive and generates total proceeds of 3.6 billion euros for Eni.

More about ENI S.p.A.

Eni S.p.A. is a multinational energy company operating in the oil and gas industry, focusing on the exploration, production, and refining of hydrocarbons. It is involved in various aspects of the energy sector, including renewable energy initiatives.

YTD Price Performance: -9.94%

Average Trading Volume: 1,679,050

Technical Sentiment Signal: Buy

Current Market Cap: €34.19B

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