Eni’s biofuel unit could be valued up to 12.5 bln euros in KKR deal
Italy’s Eni (ENI.MI), opens new tab is in exclusive talks with investment company KKR (KKR.N), opens new tab over the sale of a minority stake in Enilive, a deal that could value the biofuel unit at 11.5-12.5 billion euros ($12.5-$13.6 billion) including debt, it said on Tuesday.
KKR’s potential purchase of between 20% and 25% of Enilive would fall in line with Eni’s strategy to develop separate units focused on specific businesses and make them financially independent.
Source: REUTER