BAKU, Azerbaijan, February 18. Eni and KKR have reached an agreement that will see KKR increase its stake in Enilive by purchasing an additional 5% of the company’s shares from Eni, Trend reports.
This investment, totaling 587.5 million euros, will bring KKR’s overall share in Enilive to 30%. The transaction will help optimize Eni’s capital structure while retaining control and consolidation of Enilive.
This move follows an agreement from October 2024, where KKR acquired a 25% stake in Enilive, with the deal expected to close next month. The transaction values Enilive at 11.75 billion euros for 100% of its share capital, maintaining the same post-money valuation.
The deal is backed by international co-investors, including major pension funds, highlighting market confidence in Enilive’s business model, which focuses on providing integrated services and decarbonized products in the sustainable mobility sector. It also reflects Eni's strategy of attracting capital to specific business units for independent growth.
The acquisition of the additional 5% stake is subject to regulatory approval.
Francesco Gattei, Eni’s Chief Transition & Financial Officer, stated that KKR's increased investment confirms Enilive's market attractiveness. He emphasized Enilive’s role in reducing emissions from the end use of Eni’s products, a key part of Eni’s journey toward net-zero emissions by 2050.