BAKU, Azerbaijan, July 23. Eni has signed a temporary exclusivity agreement with KKR, a major global investment firm, to advance the due diligence phase and finalize documents for the sale of a 20 to 25-percent stake in Enilive, Trend reports.
The company's valuation is estimated between 11.5 billion and 12.5 billion euros.
While the final transaction hinges on the completion of definitive agreements, both parties are committed to negotiating the potential deal. This move highlights Eni's strategy to develop its satellite model by attracting strategic capital from new partners at favorable multiples, supporting growth and affirming the value in these emerging sectors.
The significant interest from top institutional investors may also lead to a subsequent sale of up to an additional 10-percent stake in Enilive.