Eni signed exclusivity agreement with KKR for the potential sale of a minority stake in Enilive

Eni signed a temporary exclusivity agreement with KKR, a leading global investment firm, aimed at progressing the due diligence phase and completing the drafting of the documents related to the sale of a 20% to 25% stake in Enilive, based on a valuation of the company between €11.5 billion and €12.5 billion (US $12.5 billion and $13.6 billion).

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.

The strong interest shown in this period by leading institutional financial investors could lead to the subsequent sale of a further stake of up to 10% of Enilive.

Enilive is Eni's company dedicated to biorefining, biomethane production, smart mobility solutions including Enjoy car sharing, and the distribution of all energy carriers for mobility, through its more than 5,000 Enilive Stations in Europe, where there is a wide range of products including HVOlution biogenic fuel (100% Hydrogenated Vegetable Oil), bio-LPG and biomethane

In January 2024 Eni confirmed the transformation of the Livorno refinery into a biorefinery. In addition, two more new biorefineries in Malaysia and South Korea are being evaluated. Enilive plans to increase its biorefining capacity to more than 3 million tons by 2026 (double the end of 2023) and more than 5 million tons/year by 2030.