MILAN, Oct 24 (Reuters) - Italian energy group Eni

said on Thursday that U.S. fund KKR would take

a 25% stake in Enilive, in a deal that values the entire biofuel

unit at 11.75 billion euros ($12.68 billion).

The agreed consideration for the stake is 2.938 billion

euros.

KKR's investment improves Eni capital structure, reducing

its net financial position while ensuring that Eni retains

consolidation and control of Enilive, the company said.

($1 = 0.9270 euros)