Press Release: 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.
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