Eni and KKR have closed the transaction contemplated by the investment agreement, announced last February, for the increase of KKR's stake in Enilive through the purchase of Enilive’s shares from Eni representing 5% of the share capital, for a consideration of approx. 601 million euros. Upon completion of the transaction, KKR owns an overall 30% stake of Enilive’s share capital.
The transaction confirms a post-money valuation of 11.75 billion euros of Equity Value for 100% of Enilive's share capital.
The overall proceeds for Eni group amount to 3.6 billion euros, including a capital increase in Enilive of 500 million euros to support the company's growth plan.
The transaction has been approved by the competent authorities.
Background
Enilive is Eni’s mobility transformation company. Founded with the goal of offering integrated services and products that are progressively decarbonized by 2050, Enilive is the tangible result of Eni’s ten-year commitment to sustainability-driven mobility transformation. All of Eni’s mobility activities have now converged within Enilive, which is currently rebranding its service stations: from biorefining and biomethane assets to smart mobility solutions, including Enjoy car sharing, from the production and marketing of all energy carriers through a network of more than 5,000 Enilive Stations in Europe, to the provision of services to support people on the move, with food playing a central role.
Source: Eni
