KKR to acquire additional 5% stake in Eni Group’s biofuels business

On February 18th, US investment firm KKR announced that it had signed an agreement to acquire an additional 5% stake in Enilive (Eni Group’s biofuels business) from Eni (Italy’s Eni Group) for a consideration of €587.5 million, bringing its total shareholding in Enilive to 30%.

Enilive is Eni Group’s mobility transformation company, focused on biorefineries, biomethane production, smart mobility solutions and the provision of services to support people on the move.

This additional investment follows KKR’s initial acquisition of a 25% stake in Enilive, announced in October 2024, and demonstrates KKR’s commitment to the business and its growth potential as a leader in the energy transition, delivering progressively decarbonized services and products in support of sustainably driven mobility.