(Finance) – Eni And Kkr, a global investment company, have signed an agreement to increase KKR’s participation in Eniilive (Eni company dedicated to bioraping, biomethane production, smart mobility solutions), through a further purchase of Henilive actions from Eni.
The purchase will be 5% of the share capital of Enilive, through an additional investment of 587.5 million euros.
The investment will lead KKR to hold a total participation equal to 30% of the share capital of Enilive by optimizing the structure of Eni’s capital which will continue to maintain its consolidation and control.
The operation, explains a note, is in line with the agreement signed between KKR and ENI last October for the acquisition by KKR of a participation of 25% of the share capital of Enilive, whose improvement is expected to next month, and is based on the same
Post-Money evaluation of 11.75 billion euros in terms of equity value for 100% of the share capital of Enilive.
The further investment of KKR, supported by the entry of international primary standing co-investigators included, among others, important international pension funds, “confirms the appreciation of the market and the solidity of the Enilive business model, which is committed In offering integrated services and products progressively decarbonized to its consumers in the sector of sustainable mobility “. The operation also highlights “the effectiveness of Eni’s satellite strategy capable of attracting capital for specific business segments, creating the conditions for their independent growth and evident of their actual market value”.
The ACQUISITION closing of the further 5% of participation is subject to the issue of the authorizations of the competent authorities.
Francesco Gattei, Chief Transition & Financial Officer of Enisaid “Kkr’s further investment confirms the attractiveness of Enilive for the market. Enilive is a solid and growing company, with a prominent financial partner, who will play a crucial role
In the demolition of the emissions generated by the final use of our products, a fundamental aspect for our path to Net Zero at 2050. In line with our strategy, We will continue in the maximum enhancement of our best business related to
energy transition, with the aim of leading them to create value autonomouslyincrease their market value, open new opportunities on the capital market, make them palatable for important industrial and financial future partners and make their business grow quickly to support our decarbonisation path “.