ENI S.p.A. (IT:ENI) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Eni has signed an agreement with KKR for the latter to acquire a 25% stake in Enilive for 2.938 billion euros, aiming to bolster Enilive’s growth in the energy transition sector. This partnership is expected to optimize Eni’s capital structure while enhancing Enilive’s capabilities in providing decarbonized energy solutions. The move reflects Eni’s strategy to expand in high-growth energy businesses with reduced carbon emissions.
For further insights into IT:ENI stock, check out TipRanks’ Stock Analysis page.