Eni SPA (E) has released an update.
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Eni S.p.A. has announced an exclusivity agreement with investment firm KKR for the sale of a 20-25% stake in its subsidiary Enilive, valuing the subsidiary between 11.5 and 12.5 billion euros. The potential deal is part of Eni’s satellite model strategy to attract investment and support growth, with the possibility of a further stake sale up to 10%. Enilive focuses on sustainable energy solutions, aiming to contribute to Eni’s 2050 carbon neutrality goal by expanding its biorefining capacity.
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