Italian energy group Eni and US
investment firm KKR have signed an agreement under which KKR
will get a 25% stake in Enilive's share capital, for a total of
2.938 billion euros, the energy giant said on Thursday.
Eni said the transaction will be funded through the subscription
of a capital increase in Enilive reserved to KKR which will
total 500 million euros; the purchase of Enilive's shares from
Eni for a value of 2.438 billion euros, corresponding to a
post-money valuation of 11.75 billion euros of Equity Value for
100% of Enilive's share capital.
Before the transaction is completed, Eni will undertake a
capital increase of 500 million euros to set a debt-free
company, the energy group said.
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