KKR Acquires 25% Stake In Enilive, Supporting Eni's Push For Energy Transition

Eni S.p.A. (NYSE:E) and KKR & Co. Inc. (NYSE:KKR) shares are trading higher on Thursday. KKR agreed to acquire a 25% stake in Enilive for €2.938 billion ($3.172 billion).

The transaction includes a €500 million ($540 million) capital increase reserved for KKR and the purchase of €2.438 billion ($2.633 billion) in Enilive shares from Eni.

The transaction price values Enilive's total equity at €11.75 billion ($12.69 billion) post-transaction.

As part of the deal, Eni will complete a €500 million ($540 million) capital increase before finalizing the transaction to ensure Enilive is debt-free.

The investment improves ...