The Los Angeles Post
U.S. World Business Lifestyle
Today: April 17, 2025
Today: April 17, 2025

Eni pockets 3.6 billion euros from stake sales in biofuel unit to KKR

FILE PHOTO: The logo of Italian energy company Eni is seen on a booth stand during the Nigeria International Petroleum Summit in Abuja
April 11, 2025
Reuters - Reuters

MILAN (Reuters) - Italian energy group Eni said on Friday it completed the sale of an additional 5% stake in Enilive to U.S. fund KKR, bringing the total proceeds from the disposal of two minority stakes in its biofuel unit to 3.6 billion euros ($4.1 billion).

This second deal with KKR was announced in February after a previous agreement, signed in October, under which the U.S. fund bought a 25% in the unit.

The 3.6 billion proceeds include a 500 million euro capital increase into Enilive, Eni said.

($1 = 0.8815 euros)

(Reporting by Francesca Landini, editing by Giulia Segreti)

Share This

Popular

Business|Environment|US

Lighting strike caused large fire at Evergreen Recycle in Park City

Lighting strike caused large fire at Evergreen Recycle in Park City
Business|Political|Technology|US

Google's digital ad network declared an illegal monopoly, joining its search engine in penalty box

Google's digital ad network declared an illegal monopoly, joining its search engine in penalty box
Business|Economy|Entertainment|Technology|US

Netflix's first quarter builds on recent momentum as trade war drags down other tech companies

Netflix's first quarter builds on recent momentum as trade war drags down other tech companies
Business|Economy|Finance|Political|US

Nearly 90% of Consumer Financial Protection Bureau cut as as Trump's government downsizing continues

Nearly 90% of Consumer Financial Protection Bureau cut as as Trump's government downsizing continues

Economy

Economy|Education|Health|Political|US

White House proposes eliminating Head Start funding as part of sweeping budget cuts

White House proposes eliminating Head Start funding as part of sweeping budget cuts
Americas|Crime|Economy|Food|World

Haitians face record hunger as gang violence grips country in throes of economic crisis

Haitians face record hunger as gang violence grips country in throes of economic crisis
Economy|Finance|Political|Stock Markets|US

Trading Day: ECB acts, Trump attacks

Trading Day: ECB acts, Trump attacks
Business|Economy|Finance|Stock Markets|US

Blackstone's alternatives unit BXMA reports 2.3% gain in Q1

Blackstone's alternatives unit BXMA reports 2.3% gain in Q1