KKR to acquire a 25% stake in Enilive from Eni for $3.4bn.

KKR, an investment firm, agreed to acquire a 25% stake in Enilive, a biofuel unit, from Eni, an energy company, for $3.4bn. "While a final transaction is subject to agreeing definitive documentation, both parties are committed to negotiating the terms of a potential transaction. This step represents another example of the development of Eni's satellite model strategy, attracting strategically aligned capital from valuable new partners at attractive multiples, funding our growth and confirming the value we are creating in these new businesses," Eni.