Eni and KKR Exclusive Talks: A Potential €12.5 Billion Valuation for Biofuel Unit
Tuesday, 23 July 2024, 09:10
Eni and KKR Deal Overview
Italy's Eni is currently in exclusive talks with investment company KKR regarding the sale of a minority stake in its biofuel unit, Enilive. This strategic move could value the biofuel unit at approximately €12.5 billion, encompassing debt obligations.
Details of the Transaction
- The deal could assign a valuation between €11.5 billion and €12.5 billion.
- KKR may acquire between 20% and 25% of Enilive.
- This initiative aligns with Eni's goal to establish more independent business units.
Market Context
As Eni forges ahead with this potential deal, major competitors like Shell and BP have recently chosen to pause their biofuel projects. This shift highlights the evolving landscape within the biofuel industry.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.