financetom
Business
financetom
/
Business
/
Eni pockets 3.6 bln euros from stake sales in biofuel unit to KKR
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Eni pockets 3.6 bln euros from stake sales in biofuel unit to KKR
Apr 11, 2025 6:35 AM

MILAN, April 11 (Reuters) - Italian energy group Eni

said on Friday it completed the sale of an additional

5% stake in Enilive to U.S. fund KKR, bringing the total

proceeds from the disposal of two minority stakes in its biofuel

unit to 3.6 billion euros ($4.1 billion).

This second deal with KKR was announced in February

after a previous agreement, signed in October, under which the

U.S. fund bought a 25% in the unit.

The 3.6 billion proceeds include a 500 million euro capital

increase into Enilive, Eni said.

($1 = 0.8815 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
DirecTV terminates Dish deal over failed debt swap
DirecTV terminates Dish deal over failed debt swap
Nov 21, 2024
Nov 21 (Reuters) - U.S. satellite TV provider DirecTV said on Thursday it has terminated its agreement to acquire Echostar's ( SATS ) satellite television business that includes rival Dish TV over a failed debt-exchange offer. DirecTV said the deal termination will be effective Friday. Axios first reported on the deal termination. ...
China's Baidu posts 3% fall in third-quarter revenue, meeting market view
China's Baidu posts 3% fall in third-quarter revenue, meeting market view
Nov 21, 2024
(Reuters) -Baidu ( BIDU ) reported a 3% fall in third-quarter revenue on Thursday, meeting market estimates, as China's biggest internet search provider grappled with weak spending on its advertising services in a sluggish economy. Baidu's ( BIDU ) U.S.-listed shares rose about 1% in premarket trade. Baidu ( BIDU ), like tech peers, has diversified into autonomous driving as...
China's Baidu posts 3% fall in third-quarter revenue, meeting market view
China's Baidu posts 3% fall in third-quarter revenue, meeting market view
Nov 21, 2024
Nov 21 (Reuters) - Baidu ( BIDU ) reported a 3% fall in third-quarter revenue on Thursday, meeting market estimates, as China's biggest internet search provider grappled with weak spending on its advertising services in a sluggish economy. Baidu's ( BIDU ) U.S.-listed shares rose about 1% in premarket trade. Baidu ( BIDU ), like tech peers, has diversified into...
India Morning Newsletter, November 22
India Morning Newsletter, November 22
Nov 21, 2024
To access a PDF version of this newsletter, please click here If you would like to receive this newsletter via email, please register at: https://solutions.lseg.com/MNCIndia-Subscriptionpage For an index of our newsletters click on ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved