Eni: KKR completes the acquisition of a 25% stake in Enilive’s share capital

 Upon receipt of the necessary regulatory approvals, Eni and KKR have closed the transaction contemplated by the investment agreement, announced last October, for the acquisition by KKR of a 25% stake in Enilive’s share capital.  The overall proceeds for Eni group, after accounting for cash adjustments and other items, amount to 2.967 billion euros, including a capital increase in Enilive of 500 million euros to support the company’s growth plan.

Enilive, with its integrated business model, represents a prime example of the progress of the business satellite model, further confirmed by a post-money valuation of 11.75 billion euros of Equity Value for 100% of Enilive’s share capital and KKR’s commitment to strengthen its role as a key partner through an agreement, announced to the market on 18 February, to increase its stake in Enilive by a further 5%. The closing of this second transaction is subject to regulatory approvals of the competent authorities.